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  2. Topic
    Business
  3. Study Set
    Macro Economics 2
  4. Exam
    Exam 2: Business Cycles, IS-LM Model, and Open Economy Model
  5. Question
    One of the Limitations of the ISLM Model Was
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One of the Limitations of the ISLM Model Was

Question 13

Question 13

Multiple Choice

One of the limitations of the ISLM model was:


A) static nature
B) open model
C) price is exogenous
D) all

Correct Answer:

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Related Questions

Q8: ISLM is used to determine:<br>A)income<br>B)interest<br>C)both<br>D)all

Q9: ISLM model was firstly developed by …………<br>A)hansen<br>B)hicks<br>C)keynes<br>D)none

Q10: The position of IS curve depends on---<br>A)rate

Q11: For an open economy model which curve

Q12: Increase in Government expenditure shift IS curve

Q14: The tax cut shift the IS curve

Q15: When more workers are engaged in a

Q16: Decrease in money supply shift the LM

Q17: The relationship between income and interest in

Q18: The curve which relates the level of

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