In the IS-LM Model,we Can Be at Natural Real GDP

question 59

Multiple Choice

In the IS-LM model,we can be at natural real GDP with a low interest rate given the combination of ________ fiscal policy and ________ monetary policy.

• A)tight,tight
• B)tight,easy
• C)easy,tight
• D)easy,easy

---

Definitions:

Environmental Law

Regulations and statutory requirements aimed at protecting the environment from harm caused by human activities.

Bankruptcy Proceeding

A legal process through which individuals or businesses that are unable to repay debts can seek relief from some or all of their obligations.

Environmental Impact Statement

A document prepared to describe the effects proposed projects will have on the environment, used to guide decision-making in project approval processes.

Chapter 11 Bankruptcy

A section of the United States Bankruptcy Code providing for reorganization, typically involving a corporation or partnership, under which a debtor proposes a plan to keep its business alive and pay creditors over time.