A Real Shock to an Economy Will Shift

question 57

Multiple Choice

A real shock to an economy will shift

• A)the IS curve.
• B)the LM curve.
• C)both the IS and LM curves.
• D)neither the IS nor LM curve.

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Definitions:

External Strategic Alliances

Partnerships between businesses and other organizations, formed to pursue mutual goals while maintaining their independence.

Boundaryless Organizations

Companies that remove traditional barriers between departments as well as barriers between the organization and the external environment.

Internal Boundaries

Guidelines and distinctions set within an organization to delineate responsibilities, roles, and departments.

External Environment

External factors, forces, situations, and events outside the organization that can affect its performance and strategies.