Question: Indicate whether the following statements are true, false or uncertain. In each case you must provide a brief explanation for your answer. (Marks are

Indicate whether the following statements are true, false or uncertain. In each

Indicate whether the following statements are true, false or uncertain. In each case you must provide a brief explanation for your answer. (Marks are only given for your explanation if your answer is correct.) Consider the following model of the IS curve without an international sector: Consumption: C/Y = b (R F), b > 0; - Investment: / =; b;(R F), b > 0; and - Government expenditure: G = . With this formulation, the IS curve is less steeply sloped than the "standard" IS curve.

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