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Questions and Answers
A decrease in government spending, with all other factors held constant, will lead to a movement downward along the aggregate demand curve.
A decrease in government spending, with all other factors held constant, will lead to a movement downward along the aggregate demand curve.
False (B)
If the central bank decreases the reserve requirement, the money multiplier will increase, leading to a decrease in the money supply.
If the central bank decreases the reserve requirement, the money multiplier will increase, leading to a decrease in the money supply.
False (B)
An increase in the price of imported goods will lead to a leftward shift in the short-run aggregate supply curve.
An increase in the price of imported goods will lead to a leftward shift in the short-run aggregate supply curve.
True (A)
In the long run, an economy's real GDP is determined solely by aggregate demand; changes in aggregate supply only affect the price level.
In the long run, an economy's real GDP is determined solely by aggregate demand; changes in aggregate supply only affect the price level.
Stagflation, characterized by simultaneous increases in unemployment and inflation, can be caused by a leftward shift in the short-run aggregate supply curve.
Stagflation, characterized by simultaneous increases in unemployment and inflation, can be caused by a leftward shift in the short-run aggregate supply curve.
Flashcards
Data Structure
Data Structure
A collection of data organized in a specific way, allowing efficient storage and retrieval of data.
Algorithm
Algorithm
A step-by-step procedure or formula for solving a problem, especially by a computer.
Linked List
Linked List
A data structure where elements are arranged sequentially, each element connecting to the next via a pointer (or link).
Stack
Stack
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