The IS Curve Represents

question 29

Multiple Choice

The IS curve represents

• A)the single level of output where the goods market is in equilibrium.
• B)the single level of output where financial markets are in equilibrium.
• C)the combinations of output and the interest rate where the money market is in equilibrium.
• D)the combinations of output and the interest rate where the goods market is in equilibrium.
• E) none of the above

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Definitions:

Asymmetric Anticline

A geological fold that is not symmetrical about its axis, indicating differential movement or deformation.

Horizontal Syncline

A geological fold with layers that dip towards the center from both sides, and typically have a horizontal or nearly horizontal axis.

Thrust Fault

A reverse fault that has a gentle dip.

Monocline

A fold defined by local steepening in gently dipping layers.