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

question 50

Multiple Choice

Everything else held constant,if aggregate output is to the ________ of the LM curve,then there is an excess ________ of money which will cause the interest rate to fall.

• A)right;supply
• B)right;demand
• C)left;supply
• D)left;demand

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Definitions:

Potomac

A river in the Eastern United States, flowing into the Chesapeake Bay, and passing through Washington D.C.

Patriot Cause

The movement and ideological drive toward independence from British rule among the American colonies, particularly during the late 18th century.

Thomas Paine

A political activist and writer whose works, including "Common Sense" and "The American Crisis," were influential in the American Revolution and the promotion of democratic ideals.

Benedict Arnold

An American military officer who served during the Revolutionary War before defecting to the British side in 1780, becoming synonymous with betrayal.