ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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General equilibrium occurs at which point in the IS- LM diagram?
O A. the point at which the FE line and the LM curve intersect
B. the point at which the FE line and the IS curve intersect
O C. the point at which the FE line and the IS and LM curves intersect
O D. the point at which the IS and LM curves intersect
If the economy isn't in general equilibrium, what determines output and the real interest rate?
O A. the point at which the FE line and the IS curve intersect
B. the point at which the IS and LM curves
htersect
C. the point at which the FE line and the LM curve intersect
D. the point at which the FE line and the IS and LM curves intersect
What economic forces act to bring the economy back to general equilibrium?
O A. adjustment of the price level moves the LM curve
B. adjustment of the real interest rate moves the IS curve
O C. adjustment of future income moves the IS curve
O D. adjustment of output moves the LM curve
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Transcribed Image Text:General equilibrium occurs at which point in the IS- LM diagram? O A. the point at which the FE line and the LM curve intersect B. the point at which the FE line and the IS curve intersect O C. the point at which the FE line and the IS and LM curves intersect O D. the point at which the IS and LM curves intersect If the economy isn't in general equilibrium, what determines output and the real interest rate? O A. the point at which the FE line and the IS curve intersect B. the point at which the IS and LM curves htersect C. the point at which the FE line and the LM curve intersect D. the point at which the FE line and the IS and LM curves intersect What economic forces act to bring the economy back to general equilibrium? O A. adjustment of the price level moves the LM curve B. adjustment of the real interest rate moves the IS curve O C. adjustment of future income moves the IS curve O D. adjustment of output moves the LM curve
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