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

question 34

Multiple Choice

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

• A)right;fall
• B)right;rise
• C)left;fall
• D)left;rise

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Definitions:

Strike Price

The price at which an options contract can be exercised, essentially the price at which the underlying asset can be bought or sold.

Soybeans

A type of legume native to East Asia, widely grown for its edible bean which has numerous uses.

Expiration Date

The specified date on which the options contract or other financial instrument becomes void and ceases to exist.

Marking-To-Market

The process of updating the value of an asset or liability to reflect its current market value rather than its book value.