In the Long-Run ISLM Model and with Everything Else Held

question 28

Multiple Choice

In the long-run ISLM model and with everything else held constant,as long as the level of output ________ the natural rate level,the price level will continue to ________,shifting the LM curve to the ________,until finally output is back at the natural rate level.

• A)exceeds;rise;right
• B)exceeds;rise;left
• C)remains below;fall;left
• D)remains below;rise;right

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Definitions:

Cellular Reproduction

The process by which cells divide and multiply, creating new cells from existing ones.

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Pertaining to the treatment, alleviation, or prevention of disease; aimed at healing or providing therapy.

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A substance used in medical imaging examinations to improve the visibility of internal body structures in the resulting images.

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Duct that carries bile to the duodenum. It is formed from the merger of the cystic and hepatic ducts.