Within the IS-LM curve model, if the government cut taxes at the same time that there was an autonomous increase in investment demand, then
a. income would rise and the interest rate would fall.
b. income and the interest rate would rise.
c. income would rise but the effect on the interest rate is uncertain.
d. the interest rate would rise but the effect on income is uncertain.
e. the effects on both income and the interest rate are uncertain.
B
Economics
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Economic growth is defined as equal to the increase in
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The four-firm concentration ratio of the aircraft industry is over 80 percent. Most economists would consider this industry an oligopoly
Indicate whether the statement is true or false
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