The Increase in Income in Response to a Fiscal Expansion

question 122

Multiple Choice

The increase in income in response to a fiscal expansion in the IS-LM is:

• A) always less than in the Keynesian-cross model.
• B) less than in the Keynesian-cross model unless the LM curve is vertical.
• C) less than in the Keynesian-cross model unless the LM curve is horizontal.
• D) less than in the Keynesian-cross model unless the IS curve is vertical.

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Definitions:

Rh-negative Blood

A type of blood that lacks the Rh factor, an antigen present on the surface of red blood cells, important in blood transfusion and pregnancy.

Blood Donors

Individuals who voluntarily give their blood for use in transfusions or to make biopharmaceutical medications.

Rh-positive

A blood group classification indicating the presence of Rh antigens in the red blood cells.

Citrate

A salt or ester of citric acid, often involved in energy production within living organisms' cellular respiration pathways.