Solved

If the Economy Is on the LM Curve,but Is to the Right

Question 29

Multiple Choice

If the economy is on the LM curve,but is to the right of the IS curve,then the ________ market is in equilibrium,but aggregate ________ exceeds aggregate ________.


A) goods;output;demand
B) goods;demand;output
C) money;output;demand
D) money;demand;output

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q24: In the long-run ISLM model and with

Q25: If an economy experiences high interest rates

Q26: The LM curve will be vertical and

Q27: In the long-run ISLM model and with

Q28: In the long-run ISLM model and with

Q30: Everything else held constant,if aggregate output is

Q31: In the ISLM framework a contractionary fiscal

Q32: An increase in spending that results from

Q33: As bonds become a riskier asset,the demand

Q34: In the basic closed-economy ISLM model,the goods