Referring to the Economic Stimulus Act of 2008,the Expansionary Effect

question 90

Multiple Choice

Referring to the Economic Stimulus Act of 2008,the expansionary effect of the government stimulus was overwhelmed by the continuing deterioration in credit market conditions. Everything else held constant and using the ISLM model,the net effect would cause the ________ curve to ________ and output will ________.

• A)IS;shift left;decrease
• B)IS;shift right;increase
• C)LM;shift right;increase
• D)LM;shift left;decrease

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Definitions:

Atomic Singular Statement

An atomic singular statement is a minimal, unbreakable statement that asserts something about a specific individual or entity.

Quantifier

A word or phrase, often a prefix in logical propositions, that expresses the quantity of subjects to which the proposition applies.

Open Sentences

Mathematical or logical sentences containing one or more variables that can be made true or false depending on the values of those variables.

Scope

The extent or range of view, understanding, or application of a subject or concept.