A Steep IS Curve Implies That

question 89

Multiple Choice

A steep IS curve implies that

• A)an increase in money supply will change output by a relatively small amount.
• B)a decrease in taxes will change output by a relatively small amount.
• C)changes in money supply will have large multiplier effects on output.
• D)A and B.

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Definitions:

Solve

To find the answer or solution to a mathematical problem or equation.

Expression

A combination of symbols, numbers, and operation signs that represents a quantity but does not include an equality sign.

Solve

The act of discovering a solution or answer to a problem or equation in mathematics.

Expression

An expression in mathematics is a combination of numbers, variables, operators, and sometimes parentheses that represents a value.