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

3 True/False questions

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

          

  2. menu coststhe costs to firms of changing prices

          

  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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