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 ________.

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

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Definitions:

Raven's Matrices

A nonverbal group test typically used to measure abstract reasoning and regarded as a nonverbal estimate of fluid intelligence.

WAIS-III

The Wechsler Adult Intelligence Scale-Third Edition, a tool for assessing the intelligence and cognitive ability of adults.

WISC-IV

The Wechsler Intelligence Scale for Children-Fourth Edition, a tool used to assess the intellectual ability of children between the ages of 6 and 16.

Raven's Progressive Matrices

A nonverbal group test typically used to assess abstract reasoning and fluid intelligence.