An Autonomous Increase in Money Demand,other Things Equal,shifts the ________

question 1

Multiple Choice

An autonomous increase in money demand,other things equal,shifts the ________ curve to the ________.

• A)IS;right
• B)IS;left
• C)LM;left
• D)LM;right

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Definitions:

Slippery Slope

A logical fallacy or argument that suggests taking a minor action will lead to major and oftentimes negative consequences without providing evidence for such a drastic outcome.

Dichotomy

A division or contrast between two things that are represented as being entirely different.

Analogy

A comparison between two things, typically for the purpose of explanation or clarification, highlighting similarities in some respects.

False Dichotomy

A logical fallacy that presents two opposing options as the only possibilities, when in fact more options exist.