At a point above the IS curve,
A) saving exceeds investment.
B) the real interest rate is below its equilibrium level.
C) there is an excess demand for goods.
D) there is a federal budget deficit.
Correct Answer:
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Q17: In a closed economy, if the goods
Q18: Why did the Fed cut interest rates
Q19: An increase in the expected real interest
Q20: The money market includes trade in
A)only currency.
B)only
Q21: Studies have shown that the degree of
Q23: The IS curve depicts the relationship between
A)aggregate
Q24: In a move down the IS curve,
A)saving
Q25: In a large open economy, the real
Q26: Which of the following would NOT cause
Q27: In an open economy,
A)the goods market is
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