Q1)A In the IS/LM, if (alpha) =1.2, d=20, k=0.5, h=2, the monetary policy multiplier with respect to
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Q1)A In the IS/LM, if (alpha) =1.2, d=20, k=0.5, h=2, the monetary policy multiplier with respect to income is A)0.2 B)0.04 C)1.7 D)1.0 E)1.2
Q1B)The Keynesian Y/AE model and the IS/LM model differ in terms of their treatment of
A)investment
B)production
C)aggregate supply
D)closed economy
E)prices
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