the economics of money, banking, and financial markets

693 #

© 2014 Pearson Canada Inc.#

13. 
    

    Everything else held constant, if aggregate output is to the left of the IS curve, then there is
    an excess ____ of goods which will cause aggregate output to ____.
    A) supply; fall
    B) supply; rise
    C) demand; fall
    D) demand; rise
    Answer: D
    Diff: 2 Type: MC Page Ref: 548
    Skill: Recall
    Objective List: 22.1 Utilize the Keynesian cross model for the determination of aggregate output

    
    


14. 
    

    Everything else held constant, if aggregate output is to the ____ of the IS curve, then
    there is an excess supply of goods which will cause aggregate output to ____.
    A) right; fall
    B) right; rise
    C) left; fall
    D) left; rise
    Answer: A
    Diff: 2 Type: MC Page Ref: 548
    Skill: Recall
    Objective List: 22.1 Utilize the Keynesian cross model for the determination of aggregate output

    
    


15. 
    

    Everything else held constant, if aggregate output is to the ____ of the IS curve, then
    there is an excess demand of goods which will cause aggregate output to ____.
    A) right; fall
    B) right; rise
    C) left; fall
    D) left; rise
    Answer: D
    Diff: 2 Type: MC Page Ref: 548
    Skill: Recall
    Objective List: 22.1 Utilize the Keynesian cross model for the determination of aggregate output

    
    


16. 
    

    Everything else held constant, if aggregate output is to the ____ of the IS curve, then
    there is an excess ____ of goods which will cause aggregate output to fall.
    A) right; supply
    B) right; demand
    C) left; supply
    D) left; demand
    Answer: A
    Diff: 2 Type: MC Page Ref: 548
    Skill: Recall
    Objective List: 22.1 Utilize the Keynesian cross model for the determination of aggregate output