Author Question: Animal spirits refers to A) the stubborn refusal of many economic decision-makers to use rational ... (Read 112 times)

jerry coleman · **on:** Jun 30, 2018

Animal spirits refers to

A) the stubborn refusal of many economic decision-makers to use rational expectations.
B) movements in investment that cannot be explained by changes in current variables.
C) the often-observed Fed refusal to cooperate with the government in setting its monetary policy.
D) the impact of tax-evasion on the budget deficit.
E) an exotic alcoholic drink favored by Wall Street traders.

Question 2

When x decreases

A) IS curve shifts to the left.
B) IS curve shifts to the right.
C) LM curve shifts upward.
D) LM curve shifts downward.