Essentials of Economics (9th Edition)
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The decrease in the general activity of the ... more
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As the unemployment rate is a real variable, it ... more
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The classical macroeconomic theory states that ... more
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The aggregate demand and aggregate supply model ... more
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The fall in price levels implies that each dollar ... more
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A decline in the stock market reduces the real ... more
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Nominal wages tend to remain sticky in the short ... more
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The aggregate supply curve depicts a positive ... more
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The aggregate demand curve depicts a negative ... more