The ________ traces out the points for which total quantity of goods produced equals total quantity of goods demanded.
A)LM curve
B)IS curve
C)consumption function
D)investment schedule

Question

Quizplus · Accepted Answer

The IS curve represents the equilibrium in the goods market where the total quantity of goods produced equals the total quantity of goods demanded. The LM curve, on the other hand, represents the equilibrium in the money market. The consumption function and investment schedule are not directly related to the goods market equilibrium.

The ________ Traces Out the Points for Which Total Quantity