A Steep IS Curve Implies That

question 89

Multiple Choice

A steep IS curve implies that

• A)an increase in money supply will change output by a relatively small amount.
• B)a decrease in taxes will change output by a relatively small amount.
• C)changes in money supply will have large multiplier effects on output.
• D)A and B.

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Definitions:

Multi-attribute Utility Analysis

is a systematic approach used to evaluate and compare choices, by considering multiple criteria and assigning weights to them.

Functional Forms

Mathematical relationships or equations that describe how variables are related, often used in statistical modeling to explain or predict outcomes.

Weights

Objects used for resistance training, designed to increase strength, fitness, and muscular development.

Voting

A formal expression of preference for a candidate or proposal by selecting from among options or recording an opinion.