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In the IS-LM model, what happens to the equilibrium level of income if there is a recession in foreign economies?a)The equilibrium income increases.b)The equilibrium income remains unchanged.c)The equilibrium income decreases.d)The equilibrium income experiences fluctuations.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared
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In the IS-LM model, what happens to the equilibrium level of income if there is a recession in foreign economies?a)The equilibrium income increases.b)The equilibrium income remains unchanged.c)The equilibrium income decreases.d)The equilibrium income experiences fluctuations.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for In the IS-LM model, what happens to the equilibrium level of income if there is a recession in foreign economies?a)The equilibrium income increases.b)The equilibrium income remains unchanged.c)The equilibrium income decreases.d)The equilibrium income experiences fluctuations.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of In the IS-LM model, what happens to the equilibrium level of income if there is a recession in foreign economies?a)The equilibrium income increases.b)The equilibrium income remains unchanged.c)The equilibrium income decreases.d)The equilibrium income experiences fluctuations.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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