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
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
Q10: Which policy is effective in the Classical
Q11: Which policy is effective in the intermediate
Q12: IS-LM model was developed by:
A)keynes
B)walras
C)j.r.hicks
D)don-patinkin
Q13: Frictional unemployment exists:
A)when there is a decrease
Q14: The natural rate of unemployment equals the
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