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In the IS-LM Model When M/P Rises, in Short-Run Equilibrium

question 52

Multiple Choice

In the IS-LM model when M/P rises, in short-run equilibrium, in the usual case the interest rate ______ and output ______.


Definitions:

Mixed Contract

A contract that involves a combination of goods and services, where aspects of both sale of goods law and contract for services law apply.

Predominant Purpose

The main aim or objective behind an action, agreement, or legal interpretation.

Price Terms

Conditions and details regarding the cost of goods or services being offered or negotiated, including payment amounts, schedules, and any potential for adjustments.

Sales Contract

A formal agreement between a buyer and seller specifying the terms and conditions under which goods or services will be sold and purchased.

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