According to the Traditional View (As in the IS-LM Model)

question 37

Multiple Choice

According to the traditional view (as in the IS-LM model) , if taxes are cut without cutting government spending, then in the short run interest rates will and investment will .

• A)increase; increase
• B)increase; decrease
• C)decrease; decrease
• D)decrease; increas

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Definitions:

Executive Order 9981

An order issued by President Harry S. Truman in 1948 that abolished racial discrimination in the U.S. military.

Nazi Racism

The ideology and practices associated with the Nazi regime in Germany, which promoted the superiority of the Aryan race and led to the persecution and extermination of Jews and other minorities.

Holocaust

The genocide of approximately six million Jews during World War II by Nazi Germany, led by Adolf Hitler, along with the persecution and killing of millions of others.

Jim Crow

Refers to the laws and customs enforced in the southern United States post-Reconstruction until the 1960s, aimed at segregating and discriminating against African Americans.