Multiple Choice
Because of price stickiness in the Keynesian model,a decline in investment demand will not cause the
A) LM curve to shift down and to the right in the short run.
B) LM curve to shift in the long run.
C) IS curve to shift down and to the left in the short run.
D) IS curve to shift in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
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