In the Ordinary Analysis of IS and LM Curves (Ignoring

question 16

Multiple Choice

In the ordinary analysis of IS and LM curves (ignoring the BP curve) ,

• A) expansionary fiscal policy shifts the IS curve to the left.
• B) expansionary monetary policy shifts the LM curve to the left.
• C) expansionary fiscal and expansionary monetary policy undertaken at the same time Will lead to an increase in the level of equilibrium income.
• D) expansionary fiscal policy and contractionary monetary policy acting together will Lead to a decline in the equilibrium interest rate.

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Macro Social Environment

The broader societal context in which individuals and organizations operate, encompassing cultural, economic, legal, and political forces.

Political Ideology

A set of ethical ideals, principles, doctrines, myths, or symbols of a social movement, institution, class, or large group that explains how society should work, and offers some political and cultural blueprint for a certain social order.

Social Status

The position or rank of a person or group within the social hierarchy, often determined by wealth, occupation, or other social markers.

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An approach in social work that encompasses a broad range of skills and knowledge to address problems on individual, group, and community levels.