Points to the left of the IS curve show an excess __________.
A) demand for goods.
B) demand for money.
C) supply of goods.
D) supply of money.

Name: Points to the left of the IS curve show an excess __________. A) demand for goods. B) demand for money. C) supply of goods. D) supply of money.
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Question

Quizplus · Accepted Answer

An excess demand for goods occurs when the quantity of goods demanded is greater than the quantity of goods supplied. This can happen when the price of goods is below the equilibrium price.

Points to the Left of the IS Curve Show an Excess