In 1981, Congress and President Reagan passed legislation cutting taxes and increasing federal expenditures. This policy shifted the curve to the

Select one:
a. IS; left
b. LM; left
c. IS, right
d. LM; right

= IS, right

Select one:

a hyperinflation

b. disinflation

c. deflation

d. inflation

= Hyperinflation

Explanation:

Select one:

a hyperinflation

b. disinflation

c. deflation

d. inflation

= Hyperinflation

Select one:

a hyperinflation

b. disinflation

c. deflation

d. inflation

= Hyperinflation