In the IS-LM-PC Model,which of the Following Is Assumed to Be

question 12

Multiple Choice

In the IS-LM-PC model,which of the following is assumed to be exogenous?

• A)G
• B)C
• C)I
• D)Y

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Definitions:

Downsloping Demand

A concept in economics that describes the inverse relationship between the price of a good and the quantity demanded, typically illustrated by a downward-sloping demand curve.

Upsloping Supply

A supply curve that shows an increase in the quantity supplied as the price increases, typical of most goods.

Resource Prices

The cost or price of raw materials, labor, and other inputs required for the production of goods and services.

Mustangs

Wild horses in the Western United States, descended from horses brought to the Americas by Spanish explorers.