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The natural rate of unemployment is the unemployment rate th…

The natural rate of unemployment is the unemployment rate that would exist in the absence of

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The short run aggregate supply curve slopes ____because, eve…

The short run aggregate supply curve slopes ____because, everything else held constant, higher prices ____ producers’ profits, creating an incentive to ____output.

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When the prices of resources rise, the short-run aggregate s…

When the prices of resources rise, the short-run aggregate supply curve shifts to the _____

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Creative destruction results in ____ unemployment.

Creative destruction results in ____ unemployment.

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When the prices of resources fall, the short-run aggregate s…

When the prices of resources fall, the short-run aggregate supply curve shifts to the _____

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If foreign governments restrict the entry of domestic goods,…

If foreign governments restrict the entry of domestic goods, this causes domestic exports to ____, and net exports may _______ in the domestic economy.

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The four phases of a business cycle, in order, are

The four phases of a business cycle, in order, are

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A value-added tax is a(n)

A value-added tax is a(n)

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Investment is __________________ related to the interest rat…

Investment is __________________ related to the interest rate.

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Changes in the components (C, I, G, and X) of aggregate expe…

Changes in the components (C, I, G, and X) of aggregate expenditures caused by non-price effects will cause______

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