Multiple Choice
In an oil-importing country,a permanent fall in oil prices
A) shifts IS to the right.
B) shifts LM to the left.
C) shifts FE to the left.
D) shifts IS to the left.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: People have increased their expectations of inflation
Q4: A rise in expected future output that
Q5: The full-employment (FE)line shifts right if<br>A)unemployment declines.<br>B)technology
Q6: Suppose the Bank of Canada's short-run response
Q8: Banks decide to raise the interest rate
Q9: An increase in labour supply<br>A)shifts FE to
Q12: A change that increases the real money
Q37: Classical economists believe that in the short
Q38: Classical economists think general equilibrium is attained
Q109: The aggregate demand curve<br>A)is vertical.<br>B)slopes upward.<br>C)is horizontal.<br>D)slopes