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

question 102

Multiple Choice

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

• A)right;supply
• B)right;demand
• C)left;supply
• D)left;demand

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Definitions:

Lottery

A form of gambling involving the drawing of numbers at random for a prize, often regulated by governments.

Adverse Selection

A situation in which one party in a transaction has more information than the other, often leading to a negative outcome for the less-informed party.

Insurance

A financial product that provides protection against losses or damages to a person or property in exchange for premium payments.

Adverse Selection

A situation in which one party in a transaction has more or better information than the other, often leading to a poor outcome for the less informed party.