Suppose There Is a Reduction in Expected Future Output

question 56

Multiple Choice

Suppose there is a reduction in expected future output.This will cause which of the following to occur?

• A)the IS curve to shift left in the current period
• B)the IS curve to shift right in the current period
• C)the LM curve to shift up in the current period
• D)the LM curve to shift down in the current period

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Definitions:

Occupational Segregation

The division of jobs and professions along demographic lines, such as gender, ethnicity, or race, leading to inequality and disparity in the workplace.

Upward Mobility

Movement of a person from an occupation lower in prestige and income to one higher in prestige and income.

Gender

A social construct that refers to the roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Education Attainment

The highest level of education an individual has completed, often used as an indicator of skill, knowledge, and socioeconomic status.