Because of Price Stickiness in the Keynesian Model,a Decline in Investment

question 51

Multiple Choice

Because of price stickiness in the Keynesian model,a decline in investment demand will not cause the

• A)LM curve to shift down and to the right in the short run.
• B)LM curve to shift in the long run.
• C)IS curve to shift down and to the left in the short run.
• D)IS curve to shift in the long run.

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Definitions:

Emancipation Proclamation

A presidential executive order issued by Abraham Lincoln in 1863 declaring the freedom of all slaves in Confederate territory during the American Civil War.

Confederate States

The Confederate States refer to the eleven southern states that seceded from the United States from 1860-1861, leading to the American Civil War.

Legal Basis

The foundational legal principles or grounds upon which laws, regulations, and judicial decisions are built.

54th Massachusetts

An all-black regiment in the Union Army during the American Civil War, known for its bravery and made famous by its assault on Fort Wagner.