When x decreases
A) IS curve shifts to the left.
B) IS curve shifts to the right.
C) LM curve shifts upward.
D) LM curve shifts downward.
B
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Which of the following is true of import-substitution strategies?
a. They dominate the strategies of the developing world. b. They focus on the production of goods not produced in developed countries. c. They focus on the production of exportable goods. d. These strategies lower the price of the domestically produced goods than the imported goods. e. They generally require the removal of import barriers like tariffs or quotas.
If you have trouble finding a job because of a slowdown in the overall economy, we would say that you are
A) frictionally unemployed. B) structurally unemployed. C) cyclically unemployed. D) seasonally unemployed.