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HOMEWORK 7  Question 1 According to the aggregate demand curve, when the aggregate price level _________, the quantity of _________. Answer Correct Answer: rises; aggregate…

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1. Semester 2IB HL Economy Year 1Hannah PhillipsDiagrams and Definitions 2. Section 2.4Market Failure 3. MarketA market is any situation or place that enables the buying…

Documents 10/22/20141 Long-Run Aggregate Supply and Aggregate Demand Chapter 11.

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Economy & Finance Aggregate Supply

1. Aggregate SupplyThe Sum of all planned domestic production at a given general price level per period 2. SRAS/LRAS?• There are two types of Aggregate Supply• Short…

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Documents 1 KEYNESIAN ECONOMICS J.A. SACCO. 2 Classical Theory Review All resources fully used No unused...

Slide 1 1 KEYNESIAN ECONOMICS J.A. SACCO Slide 2 2 Classical Theory Review All resources fully used No unused capacity Full employment/ Supplied determined Economy is flexible-…

Documents Ch 13. Money And The Economy. Money And The Price Level Do changes in the money supply affect the.....

Slide 1 Ch 13. Money And The Economy Slide 2 Money And The Price Level  Do changes in the money supply affect the price level in the economy?  The equation of exchange.…

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Slide 1 AGGREGATE SUPPLY ECONOMICS – A COURSE COMPANION BLINK & DORTON, 2007. p179-185. Slide 2 Introduction to Aggregate Supply Definition Aggregate Supply is the…