Suppose the Intersection of the IS and LM Curves Is

question 17

Multiple Choice

Suppose the intersection of the IS and LM curves is to the right of the FE line.What would most likely eliminate a disequilibrium among the asset,labor,and goods markets?

• A)A rise in the price level, shifting the LM curve up and to the left.
• B)A fall in the price level, shifting the LM curve down and to the right.
• C)A rise in the price level, shifting the IS curve up and to the right.
• D)A fall in the price level, shifting the IS curve down and to the left.

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Definitions:

Deviance

Behaviors or actions that violate social norms and expectations, potentially eliciting a negative response from others.

American Prison System

The network of institutions within the United States tasked with incarcerating individuals convicted of crimes, often criticized for issues related to mass incarceration and racial disparities.

Bruce Western

A sociologist known for his research on the American criminal justice system, poverty, and inequality.

Secondary Deviance

Deviant behavior that occurs when an individual accepts the label of deviant and acts accordingly, often as a result of societal reactions.