Economics (7th Edition)

Chapter 30

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The aggregate demand curve shows the relation ... more

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The three reasons why the aggregate demand curve ... more

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Interest rates: Increase in interest rates shifts ... more

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The long run aggregate supply curve gives the ... more

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The variables that cause the long run supply curve... more

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In the short run, as the price level increases, ... more

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The variables that cause the short run aggregate ... more

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As the output increases along the short run ... more

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In long run macroeconomic equilibrium, the ... more

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Stagflation is a combination of inflation and ... more

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Recession results from a fall in the aggregate ... more

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Basic aggregate demand and supply model assumes ... more

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In the dynamic aggregate demand and aggregate ... more

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The major factors that caused the recession are ... more

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The increase in stock prices indicates an increase... more

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The movement from point A to point B is because of... more

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The statement is not correct. When the price level... more

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Menu costs are the costs to the firms resulting ... more

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The analysis made by the student is not correct. ... more

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The movement from point A to point B is because of... more

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A positive technological change will increase the ... more

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The driverless trucks will reduce the cost to ... more

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Reduction in the nominal wages makes the workers ... more

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As the interest rates fluctuate, the ... more

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The recession can be caused either by a supply ... more

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Lower unemployment and higher inflation can result... more

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; The potential GDP in 2019 is PGDP19 and the ... more

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The statement is not correct. The recession of ... more

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Housing bubble is an increase in the price of the ... more

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Changes in income and expectations of the ... more

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Expectations of future profitability of investment... more

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The economy has moved up along the short run ... more

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