Author Question: Comparing the simple Keynesian model with the IS-LM model, in the IS-LM model a. the government ... (Read 200 times)

Chelseaamend · **on:** Jun 30, 2018

Comparing the simple Keynesian model with the IS-LM model, in the IS-LM model

a. the government spending multiplier is larger.
b. the balanced budget multiplier is larger.
c. the tax multiplier is smaller.
d. there is no difference between any of the multipliers.Figure 7-2

Question 2

A study of American economic history excludes a study of which of the following?

(a) Historical demography
(b) The love affairs and private relationships of U.S. presidents
(c) Development of market rules and regulations
(d) Development of government intervention in market affairs