Everything else held constant, if aggregate output is to the ________ of the LM curve, then there is an excess supply of money which will cause the interest rate to ________

Innovation refers to the introduction of new products and processes into the market

a. True b. False Indicate whether the statement is true or false

Carlos receives a consumer surplus of $10 for the first glass of lemonade. For the second glass, he receives a consumer surplus of $8, and for the third glass, he receives a consumer surplus of $6 . His total consumer surplus from the three glasses of lemonade is _____

a. $10 b. $24 c. $14 d. $15