The model of aggregate demand and aggregate supply is nothing more than a large version of the model of market demand and market supply

If the economy is on the IS curve, but is to the left of the LM curve, aggregate output will ________ and the interest rate will ________

A) rise; rise B) rise; fall C) fall; rise D) fall; fall

The Condorcet paradox demonstrates that the order in which people vote on choices may influence the final outcome

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