[{"id":214109,"question":"As the interest sensitivity of investment spending increase.","choices":[{"text":"Monetary policy has a larger effect on output","value":"A"},{"text":"Fiscal policy has a larger effect on output","value":"B"},{"text":"The multiplier increases","value":"C"},{"text":"All of the above","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214108,"question":"As the interest sensitivity of money demand increases","choices":[{"text":"The multiplier term increases","value":"A"},{"text":"Fiscal policy has a greater effect on output","value":"B"},{"text":"Monetary policy has a smaller effect on output","value":"C"},{"text":"All of the above","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214107,"question":"In an economy experience high interest rates and high unemployment The ISLM frame work predicts that _________ policy has been too.","choices":[{"text":"fiscal ; expansionary","value":"A"},{"text":"fiscal ; contractionary","value":"B"},{"text":"monetary ; expansionary","value":"C"},{"text":"monetary ; contractionary","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214106,"question":"Despite an expansionary monetary policy an economy experiences a recession the recession could occur in spite of the right ward shift of the LM curve if","choices":[{"text":"The IS curve shifts left ward","value":"A"},{"text":"The IS curve shifts right ward","value":"B"},{"text":"The money supply increase","value":"C"},{"text":"Taxes are cut","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214105,"question":"An increase in spending those results from expansionary _______ policy cause the interest rate to.","choices":[{"text":"fiscal ; rise","value":"A"},{"text":"fiscal ; fall","value":"B"},{"text":"incomes ; rise","value":"C"},{"text":"income ; fall","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214104,"question":"Aggregate output and the interest rate are ______ related to government spending and are ___ related to taxes.","choices":[{"text":"Positively ; positively","value":"A"},{"text":"Positively ; negatively","value":"B"},{"text":"negatively ; positively","value":"C"},{"text":"negatively ; negatively","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214103,"question":"In the case of an expansionary ___ policy the interest rate rise while in the case of an expansionary _______ policy the interest rate falls.","choices":[{"text":"monetary ; monetary","value":"A"},{"text":"monetary ; fiscal","value":"B"},{"text":"fiscal ; monetary","value":"C"},{"text":"fiscal ; fiscal","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214102,"question":"In the ISLM frame work a contractionary fiscal policy causes aggregate output to ___________ and the interest rate to","choices":[{"text":"Increase ; increase","value":"A"},{"text":"Increase ; decrease","value":"B"},{"text":"decrees ; decrease","value":"C"},{"text":"decrease ;Increase","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214101,"question":"In the ISLM frame work an expansionary fiscal policy causes aggregate output to _________ and the interest rate to.","choices":[{"text":"increases ; increase","value":"A"},{"text":"increases ; decrease","value":"B"},{"text":"decreases ; decreases","value":"C"},{"text":"decreases ; increses","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214100,"question":"In the money market a condition of excess supply of money cna be eliminated by a _________ in aggregate output or a __ in the interest rate , both of which increase the quantity of money demanded.","choices":[{"text":"rise ; rise","value":"A"},{"text":"rise ; fall","value":"B"},{"text":"fall ; rise","value":"C"},{"text":"fall ; fall","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214099,"question":"In the money market a condition of excess demand for money can be eliminated by a __________ in aggregate output or a ____ in the interest rate both of which reduce the quantity of money demanded.","choices":[{"text":"rise ; rise","value":"A"},{"text":"rise; fall","value":"B"},{"text":"fall ; rise","value":"C"},{"text":"fall ; fall","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214098,"question":"a contractionary monetary policy","choices":[{"text":"Reduces interest rtes","value":"A"},{"text":"Reduces real output","value":"B"},{"text":"shifts the LM curve to the right","value":"C"},{"text":"All of the above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214097,"question":"A monetary expansion is characterized by","choices":[{"text":"Rising output and interest rates","value":"A"},{"text":"Rising output and falling interest rates.","value":"B"},{"text":"Constant output and falling interest rates","value":"C"},{"text":"Falling output and interest rates","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214096,"question":"An expansionary monetary policy","choices":[{"text":"Reduces interest rates","value":"A"},{"text":"Increases real output","value":"B"},{"text":"Shifts the LM curve to the right","value":"C"},{"text":"All of the above","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214095,"question":"In the ISLM framework an expansionary monetary policy causes aggregate output to _____________ and the interest rate to","choices":[{"text":"increase ; increase","value":"A"},{"text":"Increase ; decrease","value":"B"},{"text":"decrease ; decrease","value":"C"},{"text":"decrease ; increase","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214094,"question":"An autonomous rise in __________ note causes by a change in the price level aggregate output of the interest shifts the _________ curve to the","choices":[{"text":"Net exports LM right","value":"A"},{"text":"Net exports LM left","value":"B"},{"text":"Money demand IS right","value":"C"},{"text":"Money demand LM left","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214093,"question":"A bonds becomes a riskier asset the demand for money_______ and all else constant, the equilibrium interest rate","choices":[{"text":"Rises ; rises","value":"A"},{"text":"rises ; falls","value":"B"},{"text":"falls ; rises","value":"C"},{"text":"falls ; falls","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214092,"question":"If the demand for money increase relative to the supply of money","choices":[{"text":"Interest rates will trend upward","value":"A"},{"text":"Interest rates will trend downward","value":"B"},{"text":"Interest rates are not affected by increases in money demand","value":"C"},{"text":"Interest rates will behave randomly","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214091,"question":"An autonomous increase in money demand.","choices":[{"text":"Shift the IS curve to the right","value":"A"},{"text":"Shifts the IS curve to the left","value":"B"},{"text":"Shift the LM curve to the right","value":"C"},{"text":"Shift the LM curve to the left","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214090,"question":"An increase in money demand other thing equal shifts the ____ curve to the___","choices":[{"text":"IS ; right","value":"A"},{"text":"IS ; Left","value":"B"},{"text":"LM ; Left","value":"C"},{"text":"LM ; right","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214089,"question":"A decrease iin money demand other thing equal shifts the _____ curve to the","choices":[{"text":"IS ; right","value":"A"},{"text":"Is ; Left","value":"B"},{"text":"LM ; Left","value":"C"},{"text":"LM ; Rfight","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214088,"question":"A decrease iin money demand other thing equal shifts the _____ curve to the","choices":[{"text":"IS ; right","value":"A"},{"text":"Is ; Left","value":"B"},{"text":"LM ; Left","value":"C"},{"text":"LM ; Rfight","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214087,"question":"A decrease iin money demand other thing equal shifts the _____ curve to the","choices":[{"text":"IS ; right","value":"A"},{"text":"Is ; Left","value":"B"},{"text":"LM ; Left","value":"C"},{"text":"LM ; Rfight","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214086,"question":"A decrease iin money demand other thing equal shifts the _____ curve to the","choices":[{"text":"IS ; right","value":"A"},{"text":"Is ; Left","value":"B"},{"text":"LM ; Left","value":"C"},{"text":"LM ; Rfight","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214085,"question":"A decrease iin money demand other thing equal shifts the _____ curve to the","choices":[{"text":"IS ; right","value":"A"},{"text":"Is ; Left","value":"B"},{"text":"LM ; Left","value":"C"},{"text":"LM ; Rfight","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214084,"question":"During the early years of the Great depression there was a significant decrees n the the money supply that causes. the ______ to shift____","choices":[{"text":"LM ; rightward","value":"A"},{"text":"IS ; rightwards","value":"B"},{"text":"LM ; Leftward","value":"C"},{"text":"IS ; Leftward","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214083,"question":"During the early years of the Great depression there was a significant decrees n the the money supply that causes. the ______ to shift____","choices":[{"text":"LM ; Leftward","value":"A"},{"text":"LM ; rightward","value":"B"},{"text":"IS ; Leftward","value":"C"},{"text":"IS ; rightwards","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214082,"question":"When the central Bank ________ the money supply the LM curve shifts to the _______ interest rates ____________ and equilibrium aggregate output.","choices":[{"text":"Increase ; right ; fall; increase","value":"A"},{"text":"increases ; left ; rise ; decrease","value":"B"},{"text":"decreases ; left ;rise ; increases","value":"C"},{"text":"decreases ; left ; fall ; increases","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214081,"question":"An increase in the money supply shifts the LM curve to the right causing the interest rate to __________ and output to.","choices":[{"text":"rise ; rise","value":"A"},{"text":"rise ; fall","value":"B"},{"text":"fall ; rise","value":"C"},{"text":"fall ; fall","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214080,"question":"An increase in money _______ shifts the LM curve to the _____ causing the interest rate to fall and output to rise","choices":[{"text":"demand ; right","value":"A"},{"text":"demand ; left","value":"B"},{"text":"supply ; right","value":"C"},{"text":"supply ; left","value":"D"},{"value":"E"}],"correctAnswer":3}]