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3 Written Questions

3 Multiple Choice Questions

  1. a curve that shows the relationship between the price level and the quantity of real GDP demanded by households, firms, and the government
  2. a curve that shows the relationship in the short-run between the price level and the quantity of real GDP supplied by firms
  3. a combination of inflation and recession, usually resulting from supply shock

3 True/False Questions

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

          

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

          

  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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