The IS Curve Becomes Steeper When There Is

question 5

Multiple Choice

The IS curve becomes steeper when there is

• A)a higher marginal propensity to save.
• B)a smaller parameter measuring the interest sensitivity of investment.
• C)a lower marginal propensity to save.
• D)Both a and b
• E)Both b and c

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Definitions:

Aging

The process of becoming older, a biological reality that involves changes in physical appearance, biological function, and the capacity to adapt to stress over time.

Ageism

Prejudice against people because of their age.

Prejudices

Preconceived opinions or judgments about individuals or groups without sufficient knowledge, often based on stereotypes or bias.

Chronic Diseases

Long-term medical conditions that are persistent and typically require long-term management, such as diabetes, heart disease, and cancer.