In the Long-Run the ISLM Model Predicts That ________ Can

question 46

Multiple Choice

In the long-run the ISLM model predicts that ________ can change real output.

• A)only monetary policy
• B)only fiscal policy
• C)both monetary and fiscal policy
• D)neither monetary nor fiscal policy

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Definitions:

Genetic Factors

The aspects of an individual's genes or heredity that influence their characteristics, including physical traits, behaviors, and susceptibilities to certain conditions.

Primacy

The tendency to remember and give more importance to the first information we encounter about something, over data that comes later.

Parental Effect

The influence that parents have on the development, behavior, and personality of their children.

Formative Period

A critical phase in development or history where foundational growth, organization, or change takes place.