At a Point Below the LM Curve

question 87

Multiple Choice

At a point below the LM curve,

• A)there is an excess supply of money.
• B)there is an excess supply of nonmoney assets.
• C)the real interest rate is above its equilibrium level.
• D)there is an excess supply of goods.

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Definitions:

Inferiority Feelings

The normal condition of all people; the source of all human striving.

Oedipus Complex

During the phallic stage (ages 4-5), the unconscious desire of a boy for his mother, accompanied by a desire to replace or destroy his father.

Castration Anxiety

A boy’s fear during the Oedipal period that his penis will be cut off.

Anal Conflicts

In psychoanalytic theory, tensions or issues arising during the anal stage of psychosexual development, typically related to toilet training and control.