Animal spirits refers to A) the stubborn refusal of many ...

[jerry coleman]

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.

[Anna]

Answer to Question 1

B

Answer to Question 2

B

[jerry coleman]

Excellent

[Jsherida]

TYSM