The IS-LM Model Was Developed by

question 26

Multiple Choice

The IS-LM model was developed by

• A)Friedman and Phelps.
• B)Hicks and Hansen.
• C)Modigliani and Friedman.
• D)Lucas and Sargent.
• E) none of the above

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Definitions:

Social Norms

Behavioral expectations within a society or group, guiding members on what behaviors are considered appropriate and acceptable.

Mirror-image Perceptions

A concept wherein opposing parties see each other in the same way, each side considering itself the victim and viewing the other's actions as hostile.

Hard-headed

Unwilling to change or be persuaded; stubborn.

Fighting

The act of engaging in physical conflict or combat between individuals or groups, often used as a means of resolving disputes or aggression.