If the economy is on the LM curve,but is to the left of the IS curve,aggregate output will ________ and the interest rate will ________.
A) rise;rise
B) rise;fall
C) fall;rise
D) fall;fall
Correct Answer:
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Q14: Everything else held constant,if aggregate output is
Q15: The money market is in equilibrium
A)at any
Q16: When the IS and LM curves are
Q17: Everything else held constant,if aggregate output is
Q18: If the economy is on the IS
Q20: If the economy is on the IS
Q21: An autonomous decrease in money demand,other things
Q22: An increase in the money _ shifts
Q23: If the economy is on the LM
Q24: If the Federal Reserve conducts open market
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