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Everything Else Held Constant,if Aggregate Output Is to the Left

question 99

Multiple Choice

Everything else held constant,if aggregate output is to the left of the LM curve,then there is an excess ________ of money which will cause the interest rate to ________.


Definitions:

Complement

The set or amount that completes something to a whole, usually in the context of sets in mathematics or the complement rule in probability.

P(A)

The probability of event A occurring in a statistical context.

Complement

In mathematics, a complement refers to the elements not in the subset of interest within a given set. In general language, it means something that completes or goes well with something.

P(A And B)

The probability that events A and B both occur.

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