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

question 63

Multiple Choice

If the economy is on the IS curve,but is to the right of the LM curve,aggregate output will ________ and the interest rate will ________.

• A)rise;rise
• B)rise;fall
• C)fall;rise
• D)fall;fall

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Definitions:

Labour Relations Board

A government agency responsible for administering labor law and mediating disputes between employers and employees, including issues related to unionization and collective bargaining.

Dissatisfaction

A feeling of unhappiness or discontentment with an aspect of one’s job or working environment.

Working Conditions

The environment in which an individual works, including aspects like safety, hours, physical demands, and the psychological atmosphere.

Employee Association

An organization of workers formed to promote their collective interests, rights, and well-being within the workplace.