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Author Archives: Anonymous

During a recession, real output falls.

During a recession, real output falls.

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Refer to the figure. Which of the following can cause a shif…

Refer to the figure. Which of the following can cause a shift from AD0 to AD1, ceteris paribus?

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If tax policies become less favorable, then

If tax policies become less favorable, then

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Which of the following gave the U.S. federal government the…

Which of the following gave the U.S. federal government the power to tax income?

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Which of the following is not considered to be an important…

Which of the following is not considered to be an important determinant of investment?

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Refer to the table. Year 1Year 5Working-Age Population200 m…

Refer to the table. Year 1Year 5Working-Age Population200 million250 millionLabor Force110 million145 millionEmployed106 million135 million What is the number of unemployed in Year 1?

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If actual investment exceeds desired investment, then

If actual investment exceeds desired investment, then

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Who believed that small disturbances in output, prices, or u…

Who believed that small disturbances in output, prices, or unemployment were likely to be magnified by the invisible hand of the marketplace?

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A decline in total real output for two or more consecutive q…

A decline in total real output for two or more consecutive quarters is called

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People who get discouraged and no longer seek work are count…

People who get discouraged and no longer seek work are counted as unemployed.

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