A Change in Income in the IS-LM Model Resulting from a Change

question 113

Multiple Choice

A change in income in the IS-LM model resulting from a change in the price level is represented by a ______ aggregate demand curve, while a change in income in the IS-LM model for a given price level is represented by a ______ aggregate demand curve.

• A) movement along the; shift in the
• B) shift in the; movement along the
• C) vertical; horizontal
• D) horizontal; vertical

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Definitions:

Adam Smith

A Scottish economist, philosopher, and author who is considered the father of modern economics, best known for his work "The Wealth of Nations."

Economic Interests

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