The Relationship Between the Price Level and the Quantity of Aggregate

question 120

Multiple Choice

The relationship between the price level and the quantity of aggregate output for which the goods and money markets are in equilibrium is called the ________.

• A)IS curve
• B)LM curve
• C)aggregate demand curve
• D)production function

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Definitions:

Front-end Load

A sales charge or commission paid by an investor at the initial purchase of mutual fund shares, usually used to compensate brokers or sales agents.

NAV

Net Asset Value, the total value of a fund's assets minus its liabilities, divided by the number of shares outstanding.

Portfolio Turnover

A measure of how frequently assets within a portfolio are bought and sold by the manager over a specific period.

Front-end Load

A fee charged to investors when they purchase shares in a mutual fund, usually used to compensate brokers or sales agents.