Referring to the Economic Stimulus Act of 2008,the Expansionary Effect

Multiple Choice

Referring to the Economic Stimulus Act of 2008,the expansionary effect of the government stimulus was overwhelmed by the continuing deterioration in credit market conditions. Everything else held constant and using the ISLM model,the net effect would cause the ________ curve to ________ and output will ________.

A) IS;shift left;decrease
B) IS;shift right;increase
C) LM;shift right;increase
D) LM;shift left;decrease