Along the IS Curve, the Level of Output That Clears

question 47

Multiple Choice

Along the IS curve, the level of output that clears the goods market decreases in:

• A)the real interest rate.
• B)the price level.
• C)money supply.
• D)all of the above.

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Definitions:

Time

A continuous measurement that exists uniformly and independently from everything else, used to sequence events and compare the durations of events and the intervals between them.

Marginal Output

The additional output that is produced by using one more unit of a particular input.

Total Output

The total amount of goods and services produced by an economy or a company during a specific period.

Worker

An individual who performs labor for compensation, including both employees and self-employed individuals.