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

question 83

Multiple Choice

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.

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

---

Definitions:

Producing

The process of creating goods or services to be offered for sale, involving the combination of various resources.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits missed out on.

Tacos

A traditional Mexican dish consisting of a corn or wheat tortilla folded or rolled around a filling, such as beef, pork, chicken, or beans.

Burrito

A Mexican dish consisting of a rolled tortilla filled with various ingredients, typically including beans, cheese, meats, and vegetables.