Economics (M.Phil./Ph.D.) 2015 Panjab University Entrance Exam With Answers

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47.

Simultaneous equilibrium in the money (LM) and goods (IS) markets exists :

A: At an unlimited number of output levels and rates of interest
B: At only one output level and rate of interest
C: At an unlimited number of output levels and only one rate of interest
D: At only one output level and an unlimited number of rates of interest

The answer is: B

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