Consider the following statements

Posted by MCQ LOG at 9:00 AM

Consider the following statements :

(a) Points to the left of the IS curve indicate excess supply of goods.

(b) Points to the right of the LM curve indicate excess demand for money.

(c) Points to the right of the IS curve indicate excess supply of money.

(d) Points to the right of the IS curve indicate excess supply of goods.

Of these statements :

(1) (b) and (d) are correct

(2) (a) and (c) are correct

(3) (b) and (c) are correct

(4) (c) and (d) are correct



Answer: (1) (b) and (d) are correct