A reduction in government spending causes the equilibrium level of aggregate output to ________ at any given interest rate and shifts the ________ curve to the ________, everything else held constant

A) rise; LM; right
B) fall; IS; left
C) fall; LM; left
D) rise; IS; right

B

Economics

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The balance of payments is in equilibrium when

A) the sum of the current account balance and capital account balance is zero. B) net exports are zero. C) net foreign investment is zero. D) real foreign investment is equal to net exports.

Economics

Which of the following is both a store of value and regularly used as a medium of exchange?

a. cash and stocks b. cash but not stocks c. stocks but not cash d. neither cash nor stocks

Economics