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

question 83

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Everything else held constant,if aggregate output is to the ________ of the IS curve,then there is an excess ________ of goods which will cause aggregate output to fall.


Definitions:

Median

The middle value in an ordered list of numbers, effectively dividing the dataset into two halves.

Central Location

The midpoint or center of a dataset where it tends to cluster around.

Sample Mean

The average of a set of numerical values drawn from a larger population, often used to estimate the population mean.

Population

The entire pool from which a sample is drawn and that is the subject of statistical analysis.

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