Multiple Choice
During the first Gulf War
A) the interest rate rose.
B) current output rose.
C) the IS curve shifted up to the right.
D) the IS curve shifted down to the left.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q24: The LM curve slopes upward to the
Q25: An increase in the expected real interest
Q26: In the long run, a rightward shift
Q27: With respect to the IS curve for
Q28: A general equilibrium is an outcome in
Q30: If the demand for money is highly
Q31: The money market includes trade in<br>A)only currency.<br>B)only
Q32: In a large open economy,<br>A)domestic saving need
Q33: At points not on the IS curve,<br>A)the
Q34: Which of the following does NOT necessarily