In the Long-Run ISLM Model and with Everything Else Held

question 22

Multiple Choice

In the long-run ISLM model and with everything else held constant,the long-run effect of a tax cut is to ________ real output and ________ the interest rate.

• A)increase;increase
• B)increase;not change
• C)not change;increase
• D)not change;decrease

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Definitions:

Timing Circuit

An electronic circuit designed to produce specific time delays or to trigger events at precise intervals.

Cascading

In the programming of timers and counters, a technique used to extend the timing or counting range beyond what would normally be available. This technique involves the driving of one timer or counter instruction from the output of another, similar instruction.

Timers

Devices or software tools that measure time intervals, commonly used in industrial control systems to control operations and processes over time.

Motor(s) Start(s)

The process of initiating the operation of an electric motor, activating its mechanism to begin rotation or movement.