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If the Economy Is on the IS Curve,but Is to the Left

Question 18

Multiple Choice

If the economy is on the IS curve,but is to the left of the LM curve,then the ________ market is in equilibrium,but the interest rate is ________ the equilibrium level.


A) goods;below
B) goods;above
C) money;below
D) money;above

Correct Answer:

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