In the IS-LM Model, the Impact of an Increase in Government

question 145

Multiple Choice

In the IS-LM model, the impact of an increase in government purchases in the goods market has ramifications in the money market, because the increase in income causes a(n) ______ in money ______.

• A) increase; supply
• B) increase; demand
• C) decrease; supply
• D) decrease; demand

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Definitions:

Emic Approach

A research approach that focuses on understanding cultural phenomena from the perspective of the insider or native view.

Youth Market

A segment of the market consisting of young consumers, typically targeted by brands and marketers for products and services that appeal to younger demographics.

Back-Translation

A method used in the translation process where a text is translated from one language to another and then translated back to the original language to check for accuracy.

Etic Perspective

An approach to studying human behavior from a position outside of the culture being studied, emphasizing universal aspects.