The fiscal stimulus package of 2009 caused the IS curve to shift to the left, since output

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"The fiscal stimulus package of 2009 caused the IS curve to shift to the left, since output decreased and unemployment increased after the policies were implemented." Is this statement true, false, or uncertain? Explain your answer.

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The Economics of Money Banking and Financial Markets

ISBN: 978-0133836790

11th edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 03, 2017 04:05 AM

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The fiscal stimulus package of 2009 caused the IS curve to shift to the left, since output

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False Although the IS curved shifted to the left during the period of the f...View the full answer

The Economics of Money Banking and Financial Markets

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