The perfectly elastic segment of the LM curve is:
A) Keynesian range
B) Classical range
C) Intermediate range
D) None of these
Correct Answer:
Verified
Q10: The simplest ISLM model consists of:
A)Two markets
B)Three
Q11: The equilibrium in the product market is
Q12: The IS curve has a ------slope
A)Positive
B)Negative
C)Zero
D)None of
Q13: The LM curve has a ----- slope
A)Positive
B)Negative
C)Zero
D)None
Q14: ISLM model was developed by:
A)Hicks
B)Keynes
C)Friedman
D)None of these
Q16: Which policy is effective in the Classical
Q17: Which policy is effective in the intermediate
Q18: IS-LM model was developed by:
A)Keynes
B)Walras
C)J.R.Hicks
D)Don-Patinkin
Q19: Frictional unemployment exists:
A)When there is a decrease
Q20: The natural rate of unemployment equals the
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