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SEM108 2025/04 Tee Chee Lip
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According to the IS–LM model, if the central bank increases the money supply, then the interest rate:
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In an open economy with a fixed exchange rate, a fiscal contraction:
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The slope of the IS curve depends on
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Under a system of fixed exchange rates, an import restriction on foreign goods would cause net exports and the level of income to:
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The relationship between the interest rate and the level of income that arises in the market for money balances is called the
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In the Keynesian cross model of Chapter 10, if the interest rate is constant and the MPC is 0.7, then the government purchases multiplier is
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Suppose the European Union was a small open economy under floating exchange rates. If the EU imposes a quota on Japanese cars in an effort to reduce the trade deficit, then:
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In the IS–LM model, which two variables are influenced by the interest rate?
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An explanation for the slope of the IS curve is that as the interest rate increases, the quantity of investment ______, and this shifts the expenditure function ______, thereby decreasing income.
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If the central bank increased the supply of real money balances, then the LM curve would
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