MACROECONOMICS+ACHIEVE 1-TERM AC (LL)
10th Edition
ISBN: 9781319467203
Author: Mankiw
Publisher: MAC HIGHER
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Question
Chapter 11, Problem 3QR
To determine
Explain the downward slope of the IS curve.
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Why does the IS curve slope downward? explain
List 4 factors that will cause the IS curve to shift to the right.
Name and discuss the factors that shift the IS Curve. Give two examples, with the help of a diagram, of IS curve shifting, one to the left and one to the right.
Chapter 11 Solutions
MACROECONOMICS+ACHIEVE 1-TERM AC (LL)
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- What are some examples of changes in the economy that would lead to a movement along the IS curve? What are some changes that would shift the IS curve?arrow_forwardWhat occurs as the economy moves leftward along the a given IS curvearrow_forwardWhy is the philip's curve not applicable in today's economyarrow_forward
- Why do we have upward sloping LM curve? What does it shows? Derive the LM curve. Explain your answer using the diagrams.arrow_forward2 Illustrate a downward shift in the IS curve. Describe three factors that could shift the IS-curve.arrow_forwardName some factors that could cause AD to shift, and say whether they would shift AD to the tight or to the left.arrow_forward
- What is the importance of the J-curve in macroeconomics?arrow_forwardName some factors that could cause AD to shift, and say weather they would shift AD to the right or to the left.arrow_forwardSuppose the Australian government increases the level of government spending. Explain how an increase in government spending impacts upon the position of the AD and AS curves. Use a relevant diagram and explain your answer in detail.arrow_forward
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