Latest QuestionsCategory: Economics
A monetarist economist believes that if the economy was left alone, it would …
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The Keynesian theory of business cycle views volatile expectations of future …
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The business cycle occurs because aggregate demand and aggregate supply change …
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Fluctuations in aggregate demand and aggregate supply explain why real GDP …
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During an above full-employment equilibrium, actual GDP is greater than …
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Long-run macroeconomic equilibrium is achieved when the money wage rate has …
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In the short run, a supply shock that shifts the short-run aggregate supply …
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In the short run, a supply shock that shifts the short-run aggregate supply …
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The level of output at which the short-run aggregate supply curve and the …
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In the short-run, real GDP can be greater than or less than potential GDP …
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An increase in the quantity of money shifts the aggregate demand curve …
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Wealth and substitution effects explain why the aggregate demand curve has a …
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The wealth effect points out that consumption decreases when people's real …
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A movement along the aggregate demand curve but no shift in the aggregate …
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The aggregate demand curve shows total expenditures at different levels of …
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