When the IS and LM Curves Are Combined in the Same

question 43

Multiple Choice

When the IS and LM curves are combined in the same diagram,the intersection of the two curves determines the equilibrium level of ________ as well as the ________.

• A)aggregate output;price level
• B)aggregate output;interest rate
• C)money supply;price level
• D)consumer expenditures;interest rate

---

Definitions:

Epiglottis

A leaf-shaped flap of cartilage located behind the tongue, at the top of the larynx, which prevents food and drink from entering the windpipe during swallowing.

Nasopharynx

The upper part of the throat located behind the nose, connecting the nasal cavity to the throat.

Trachea

The windpipe, a tube that connects the throat to the lungs, allowing for air passage.

Apical Bronchus

A branch of the upper lobe bronchus that directs air to the apex of the lung.