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What does a negative output gap of 5% in an economy indicate?
What does a negative output gap of 5% in an economy indicate?
In the years between 1970 and 1974, which year has the lowest output gap in absolute value?
In the years between 1970 and 1974, which year has the lowest output gap in absolute value?
According to the interdependence principle, what is the tendency of economic variables?
According to the interdependence principle, what is the tendency of economic variables?
What is a financial shock defined as?
What is a financial shock defined as?
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If ChatGPT data can predict stock market prices with a 6-month delay, what type of indicator is ChatGPT data?
If ChatGPT data can predict stock market prices with a 6-month delay, what type of indicator is ChatGPT data?
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In the IS-MP framework of the Fed model, what is expected to happen to the IS curve after a recession?
In the IS-MP framework of the Fed model, what is expected to happen to the IS curve after a recession?
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According to the IS-MP model, what effect does an increase in real interest rates have on output and the output gap?
According to the IS-MP model, what effect does an increase in real interest rates have on output and the output gap?
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Which event would be considered a spending shock according to the Fed model?
Which event would be considered a spending shock according to the Fed model?
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What is used by the Fed model to determine the federal funds rate?
What is used by the Fed model to determine the federal funds rate?
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What primary reason drives the government to increase spending during a recession?
What primary reason drives the government to increase spending during a recession?
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Given an economy with an aggregate expenditure (AE) of $600 billion, if consumption (C) is four times the planned investment (I) and government purchases (G) and net exports (NX) total $150 billion together, what is the value of planned investment?
Given an economy with an aggregate expenditure (AE) of $600 billion, if consumption (C) is four times the planned investment (I) and government purchases (G) and net exports (NX) total $150 billion together, what is the value of planned investment?
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