In the Keynesian view, equilibrium takes place when

a. the real and nominal interest rates are equal.
b. the level of total spending in the economy is equal to current output.
c. current output is equal to the economy's long-run potential.
d. the money supply is growing at a constant rate.

B

Economics

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A leftward shift of a supply curve is called a(n):

a. decrease in demand. b. increase in supply. c. decrease in supply. d. increase in quantity supplied. e. decrease in quantity supplied.

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