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module 45- putting it all together

Authored by Nicole Mei

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12th Grade

module 45- putting it all together
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

factors that shift the long-run aggregate supply curve

labor productivity number of workers

expansionary policy

raising or lowering taxes or govt. spending

contractionary policy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

starting point

analyze any situation, you have to know where to start

change in the economy

short-run effects

secondary effects

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

pivotal event

initial short-run effects

secondary effects

change in the economy or a policy response to the initial reaction

analyze the situation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

policy used to combat a recession

Long run philips curve

contractionary policy

Real GDP

expansionary policy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

policy used to combat inflationary measures

labor productivity

contractionary policy

stimulus

expansionary policy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

in the long run, what does monetary policy affect?

aggregate demand

supply curve

GDP

the aggregate price level (not real GDP)

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

in the long run, aggregate price level and nominal values will be affected by the same proportion. what about real values?

real values unchanged due to the neutrality of money

real values increase because aggregate demand

real values decrease due to neutrality of money

real values increase because of inflation

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