A Rise in Expected Future Output That Doesn't Affect Labour

question 4

Multiple Choice

A rise in expected future output that doesn't affect labour supply would shift the IS curve ________ and the FE line ________.

• A)down;is unchanged
• B)down;right
• C)up;is unchanged
• D)up;right

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Definitions:

Schedule C

Schedule C is a tax form used by sole proprietors to report business income and expenses for tax purposes.

Schedule K-1

Schedule K-1 is a tax document used to report the income, deductions, and credits of a partnership or S corporation to its partners or shareholders.

Form 1099-MISC

A tax form used to report miscellaneous income, including fees, royalties, commissions, and rental income, to the IRS.

Oil Wells

These are drilling operations established to explore and extract petroleum and natural gas from underground reserves.