In the IS-LM Model, Policy Is Said to Be Ineffective

question 31

Multiple Choice

In the IS-LM model, policy is said to be ineffective in the long run because it cannot change

• A) the price level.
• B) output.
• C) the interest rate.
• D) all of the above.

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Definitions:

Cutaneous Membrane

The skin, the largest organ of the body, serving as a protective barrier against environmental hazards and pathogens, and involved in sensation and temperature regulation.

Papillary Layer

The uppermost layer of the dermis, directly underneath the epidermis, containing small, finger-like projections called papillae.

Dermis

The thick layer of living tissue below the epidermis that contains blood capillaries, nerve endings, sweat glands, and other structures.

Hypodermis

The innermost layer of the skin, consisting of fat and connective tissues, that provides insulation and cushioning to the body.