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If the Economy Is on the IS Curve,but Is to the Left

question 65

Multiple Choice

If the economy is on the IS curve,but is to the left of the LM curve,aggregate output will ________ and the interest rate will ________.


Definitions:

Implicit Premises

Unstated assumptions or beliefs that support a conclusion within an argument, not explicitly expressed but understood in the reasoning.

Infinite Number

A quantity larger than any finite count, unable to be exactly measured or fully enumerated.

Broken Leg

A fracture or discontinuity of the leg bone, which can significantly impair mobility and require medical treatment.

Hiking

The activity of taking long, vigorous walks, typically on trails or in the wilderness.

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