The IS Curve Shifts to the Left When ________

question 54

Multiple Choice

The IS curve shifts to the left when ________.

• A)autonomous consumption increases
• B)taxes increase
• C)autonomous investment increases
• D)all of the above
• E)none of the above

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Definitions:

Demand for Wine

The desire and willingness of consumers to purchase wine at various prices, influenced by factors such as income, tastes, and substitutes.

Imports

Goods or services brought into one country from another for sale.

Cournot Duopolists

Refers to firms in a duopoly (a market dominated by two companies) that determine their strategy based on the assumption that the other firm's output will be constant.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.