When there is an increase in the autonomous money supply, ceteris paribus, LM shifts:
A) leftward
B) rightward
C) no shift
D) none
Correct Answer:
Verified
Q2: An Economic model is a statement of
Q3: LM curve shows the equilibrium condition in
Q4: The simplest ISLM model consists of:
A)two markets
B)three
Q5: The equilibrium in the product market is
Q6: The IS curve has a------slope
A)positive
B)negative
C)zero
D)none of these
Q7: The LM curve has a------slope
A)positive
B)negative
C)zero
D)none of these
Q8: ISLM model was developed by:
A)hicks
B)keynes
C)friedman
D)none of these
Q9: The perfectly elastic segment of the LM
Q10: Which policy is effective in the Classical
Q11: Which policy is effective in the intermediate
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