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Ch11 Quiz &iacute;•&acute;&euml;‹&micro;&igrave;&sect;€

# Ch11 Quiz í•´ë‹µì§€

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Man Kyu Park 3/25/11 1:26 AM Repost Q5C11 Completed 80 out of 100 points Student answers and score are not visible to the instructor.

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Question 1 10 out of 10 points If the IS curve is given by Y = 1,700 – 100 r , the money demand function is given by ( M/P ) d = Y – 100 r , the money supply is 1,000, and the price level is 2, then if the money supply is raised to 1,200, equilibrium income rises by: Answer Selected Answer: Correct Answer: Question 2 10 out of 10 points According to the IS-LM model, when the government increases taxes and government purchases by equal amounts: Answer Selected Answer: Correct Answer: Question 3 10 out of 10 points If neither investment nor consumption depends on the interest rate, then the IS curve is ______ and ______ policy has no effect on output. Answer Selected Answer: Correct Answer: Question 4
0 out of 10 points The increase in income in response to a fiscal expansion in the IS-LM is: Answer Selected Answer: Correct Answer: Question 5 10 out of 10 points If MPC = 0.75 (and there are no income taxes but only lump-sum taxes) when

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Ch11 Quiz í•´ë‹µì§€

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