NAME: ________________________

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of 9 available terms

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3 Written Questions

3 Multiple Choice Questions

  1. a curve that shows the relationship in the short-run between the price level and the quantity of real GDP supplied by firms
  2. a curve that shows the relationship in the long-run between the price level and the quantity of real GDP supplied
  3. a model that explains short-run fluctuations in real GDP and the price level

3 True/False Questions

  1. fiscal policychanges in federal taxes and purchases that are intended to achieve macroeconomics policy

          

  2. supply shocka unexpected event that causes the short-run aggregate supply curve to shift

          

  3. aggregate demand curvea curve that shows the relationship between the price level and the quantity of real GDP demanded by households, firms, and the government

          

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