If the Economy Is on the LM Curve,but Is to the Right

question 82

Multiple Choice

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

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

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Definitions:

Joint Probability Distribution

Describes a probability distribution for two or more random variables simultaneously.

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The weighted average of all possible returns for an investment, based on the probabilities of each outcome.

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