Question 1 The IS curve shifts whenever any variable, other than real GNP, shifts either the national savings curve or the investment curve. 0 True 0 False Question 2 All else equal, the IS curve shifts to the right following a decrease in the current sales tax rate. 0 True 0 False Question 3 All else equal, a temporary increase in government purchases which is fully nanced at the current level of GNP by an increase in the current value added tax will shift the IS curve to the right. 0 True 0 False Question 4 If the national savings curve is vertical, then the IS curve is vertical. 0 True 0 False Question 5 All else equal, a decrease in the reserve requirement on checkable deposits will shift the LM curve to the right. 0 True 0 False Question 6 An equal increase in the monetary base and excess reserves shifts the LM curve to the right. 0 True O False