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

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Definitions:

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