At a Point Above the IS Curve

question 76

Multiple Choice

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.

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Definitions:

Predictive Validity

The extent to which a score on a scale or test predicts scores on some criterion measure.

Typology

A systematic classification or study of types that shares common characteristics.

Assessment

Process of gathering information about a person’s symptoms and their possible causes.

Reliability

The consistency of a measure or test; its ability to produce the same results under similar conditions.