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

question 18

Multiple Choice

If the economy is on the IS curve,but is to the left of the LM curve,then the ________ market is in equilibrium,but the interest rate is ________ the equilibrium level.

• A)goods;below
• B)goods;above
• C)money;below
• D)money;above

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Definitions:

Ashanti and Dahomey

African kingdoms known for their powerful militaristic and rich cultural histories; the Ashanti in what is now Ghana and Dahomey, now known as Benin.

African States

Refers to the countries on the African continent, each with its own distinct cultures, languages, and political structures.

Race

A social construct used to categorize humans into large and distinct populations based on various factors such as ancestry, physical appearance, and cultural history.