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Author Question: The IS curve slopes upward because a. as income rises, savings rise and consumption falls, ... (Read 28 times)

clippers!

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The IS curve slopes upward because
 
  a. as income rises, savings rise and consumption falls, decreasing output.
  b. as interest rates rise, the money supply rises, increasing output.
  c. as interest rates rise, planned investment must fall, increasing output.
  d. as income increases, money demand rises, which increases interest rates.

Question 2

Theoretically, an increase in the real wage
 
  A) increases leisure.
  B) decreases leisure.
  C) has an ambiguous effect on leisure.
  D) has no effect on leisure.



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tjayeee

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Answer to Question 1

A

Answer to Question 2

C




clippers!

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Reply 2 on: Jun 30, 2018
Gracias!


DylanD1323

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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