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

question 80

Multiple Choice

In the long-run ISLM model and with everything else held constant,the long-run effect of an expansionary fiscal policy is to ________ real output and ________ the interest rate.

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

Recognize the global diversity in the legalization and recognition of marriage types.

Analyze the main factors contributing to family structures and dynamics in contemporary societies.

Identify and understand different perspectives on gender inequality and its origins.

Explore the impact of legal and societal changes on family and personal relationships.

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Definitions:

Federal Gasoline Tax

A tax imposed by the federal government on the sale of gasoline, primarily used to fund transportation projects.

Taxation Principle

Guidelines and theories in economics that outline how to structure taxes to achieve certain economic objectives, such as fairness, efficiency, and simplicity.

Highway Maintenance

The process of keeping roads in safe, usable condition, including repairs, cleaning, and updating road signs and markings.

Local Finance

Financial activities and policies at a local or municipal level, including budgeting, taxation, and public spending to manage community resources.