Multiple Choice
At points above the IS curve, there is an _____ and at points below the IS curve there is an _____.
A) excess demand for goods; excess supply of goods
B) excess demand for money; excess supply of money
C) excess supply of money; excess demand for money
D) excess supply of goods; excess demand for goods
Correct Answer:

Verified
Correct Answer:
Verified
Q26: Use the standard IS-LM-FE framework and assume
Q27: A devaluation of the exchange rate will:<br>A)shift
Q28: A rise in the domestic product of
Q29: Start from an initial triple intersection of
Q30: What is the mechanism at work that
Q32: For a small country with closed economy,
Q33: The locomotive theory posits that growth in
Q34: Which of the following will cause the
Q35: Expansionary monetary policy will cause the FE
Q36: Exports depend on income in the exporting