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3 Written questions

3 Multiple choice questions

  1. a curve that shows the relationship in the long-run between the price level and the quantity of real GDP supplied
  2. the actions the Federal Reserve takes to manage the money supply and interest rates to pursue macroeconomics policy objective
  3. a combination of inflation and recession, usually resulting from supply shock

3 True/False questions

  1. aggregate demand curvea curve that shows the relationship in the long-run between the price level and the quantity of real GDP supplied

          

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

          

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

          

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