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3 Written questions

3 Multiple choice questions

  1. a unexpected event that causes the short-run aggregate supply curve to shift
  2. the actions the Federal Reserve takes to manage the money supply and interest rates to pursue macroeconomics policy objective
  3. the costs to firms of changing prices

3 True/False questions

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

          

  2. short-run aggregate supply curvea curve that shows the relationship in the short-run between the price level and the quantity of real GDP supplied by firms

          

  3. aggregate demand and aggregate supply modela curve that shows the relationship in the short-run between the price level and the quantity of real GDP supplied by firms

          

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