Economics (7th Edition)
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The aggregate demand curve shows the relation ... more
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The three reasons why the aggregate demand curve ... more
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Interest rates: Increase in interest rates shifts ... more
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The long run aggregate supply curve gives the ... more
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The variables that cause the long run supply curve... more
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In the short run, as the price level increases, ... more
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The variables that cause the short run aggregate ... more
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As the output increases along the short run ... more
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In long run macroeconomic equilibrium, the ... more
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Stagflation is a combination of inflation and ... more
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Recession results from a fall in the aggregate ... more
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Basic aggregate demand and supply model assumes ... more
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In the dynamic aggregate demand and aggregate ... more
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The major factors that caused the recession are ... more
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The increase in stock prices indicates an increase... more
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The movement from point A to point B is because of... more
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The statement is not correct. When the price level... more
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Menu costs are the costs to the firms resulting ... more
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The analysis made by the student is not correct. ... more
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The movement from point A to point B is because of... more
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A positive technological change will increase the ... more
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The driverless trucks will reduce the cost to ... more
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Reduction in the nominal wages makes the workers ... more
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As the interest rates fluctuate, the ... more
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The recession can be caused either by a supply ... more
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Lower unemployment and higher inflation can result... more
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; The potential GDP in 2019 is PGDP19 and the ... more
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The statement is not correct. The recession of ... more
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Housing bubble is an increase in the price of the ... more
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Changes in income and expectations of the ... more
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Expectations of future profitability of investment... more
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The economy has moved up along the short run ... more