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★ѕραndavir ★ѕραndavir
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7 years ago
Suppose we have an initial IS-LM equilibrium at a certain price level. A rise in the price level puts ________ pressure on the interest rate as the money market re-equilibrates, which in turn causes commodity market equilibrium to occur at an output level ________ the initial one.
A) upward, above
B) upward, below
C) downward, above
D) downward, below
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
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thecromthecrom
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7 years ago
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