Which of the following are correct with respect to IS - LM model?
(A) The LM schedule slopes upward to the right.
(B) The LM schedule will shift to the left with an increase in quantity of money
(C) The LM schedule gives equilibrium in the money market
(D) The IS schedule will shift to the left when these is an increase in government expenditure
(E) The IS schedule will shift to the right when taxes are reduced
Choose the most appropriate answer from the options given below:
1
(A), (C), (E) only
2
(A), (B), (C), (D) only
3
(A), (C) only
4
(B), (D), (C), (E) only