Using the ISLM model, a housing market crash A. can be represented as a leftward shift of the LM curve   B. causes r and Y to fall   C. causes unemployment to rise   D. all of the above   E. none of the above

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Chapter21: Unemployment
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Problem 41CTQ: Unemployment rates have been higher in many European countries in recent decades than in the United...
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Using the ISLM model, a housing market crash

A. can be represented as a leftward shift of the LM curve

 

B. causes r and Y to fall

 

C. causes unemployment to rise

 

D. all of the above

 

E. none of the above

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