Answer the following in 10 minutes I’m studying. Select one:O a.Between 2020 and 2021 the IS curve and LM curve both shifted to the right.O b.Between 2020 and 2021 the IS curve and LM curve both shifted to the left.O C.Between 2020 and 2021 the IS curve shifted to the right, while the LMcurve shifted to the left.O d.Between 2020 and 2021 the IS curve shifted to the left, while the LMcurve shifted to the right. You have been presented with the following macroeconomic data from OuteniquaLand:2020 2021-4.8Spublic -6.2i3.73.7gY3.52.1Spublic represents the country's public saving (expressed as a percentage of GDP), i is the nomininterest rate (expressed as a percentage) and gY is the growth rate of real GDP (expressed as apercentage).It has been ascertained that the /S curve slopes downward and to the right. The LM curve,meanwhile, slopes upward. Which of the following set of events would thus reflect the informationin the table?

IS-LM Curve The IS-LM model, also known as the investment-savings and liquidity preference-money…

Select one: O a. O b. O c. O d. Between 2020 and 2021 the IS curve and LM curve both shifted to the right. Between 2020 and 2021 the IS curve and LM curve both shifted to the left. Between 2020 and 2021 the IS curve shifted to the right, while the LM curve shifted to the left. Between 2020 and 2021 the IS curve shifted to the left, while the LM curve shifted to the right.

Select one: O a. O b. O c. O d. Between 2020 and 2021 the IS curve and LM curve both shifted to the right. Between 2020 and 2021 the IS curve and LM curve both shifted to the left. Between 2020 and 2021 the IS curve shifted to the right, while the LM curve shifted to the left. Between 2020 and 2021 the IS curve shifted to the left, while the LM curve shifted to the right.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter23: The Aggregate Expenditure Model

Section: Chapter Questions

Problem 13P

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