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Question 1 Define IS and LM curve. Question 2 Describe any four factors that can shift the IS curve rightward and two factors that can
Question 1 Define IS and LM curve. Question 2 Describe any four factors that can shift the IS curve rightward and two factors that can shift the LM curve rightward. Question 3 Use the ISLM analysis to determine the effects on the equilibrium levels of aggregrate output and interest rate if consumers become pessimistic. Question 4 Suppose that economy experience complete crowding out effect. Identify whether monetary policy or fiscal policy is better in raising the level of aggregate output
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