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If the Short-Run IS-LM Equilibrium Occurs at a Level of Income

question 36

Multiple Choice

If the short-run IS-LM equilibrium occurs at a level of income below the natural level of output, then in the long run the price level will ______, shifting the ______ curve to the right and returning output to the natural level.

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Definitions:

Position

The location or arrangement of something or someone in relation to its surroundings or another entity.

Coworker's Attitude

The behavior or outlook a colleague demonstrates in a workplace environment.

Bad Day

A term for a day characterized by events or circumstances deemed unfavorable or distressing.

Pitch In

To join others and contribute effort or resources towards a common goal or task.

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