The IS Curve Shifts to the Left When

question 25

Multiple Choice

The IS curve shifts to the left when

• A)taxes increase.
• B)government spending increases.
• C)the money supply increases.
• D)autonomous planned investment spending increases.

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Definitions:

Future

Future refers to the time or period that is to come after the present, often considered in the context of uncertainty or potential.

Recognition

In accounting, recognition refers to the formal recording of an item in the financial statements, acknowledging its existence and the fact that it meets the criteria for financial reporting.

Revenue

Income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Deferral

A deferral occurs when cash related to a future revenue or expense has been initially recorded as a liability or an asset.