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Everything Else Held Constant,if Aggregate Output Is to the Left

question 107

Multiple Choice

Everything else held constant,if aggregate output is to the left of the IS curve,then there is an excess ________ of goods which will cause aggregate output to ________.


Definitions:

Conditioned On

Depending on a specific requirement or prerequisite being met.

Duty of Substantial Performance

An obligation requiring a party to perform their contractual duties to such a degree that the essential purpose of the contract is met, even if some minor details are incomplete.

Breach of Contract

A violation of any of the agreed-upon terms and conditions of a binding contract without a lawful excuse.

Conditional

Pertaining to an agreement or provision that becomes effective only when a specific requirement or condition is met.

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