Multiple Choice
After the inflationary period of 1979, Paul Volcker, chair of the Federal Reserve, raised real interest rates sharply. Which of the following shows the correct effect on the IS curve?
A) a movement from point A to point D
B) a movement from point A to point B
C) a movement from point C to point A
D) a movement from point C to point D
Correct Answer:
Verified
Correct Answer:
Verified
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