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

question 99

Multiple Choice

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

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

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Definitions:

Bounded Rationality

The concept that decision-making is limited by the information available, cognitive limitations of the mind, and the finite amount of time available to make a decision.

Organizational Settings

The physical and social environment in which organizational activities occur, including structures, culture, and processes.

Creativity

The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others.

Alone

The state of being by oneself, not accompanied by or in conjunction with others.