IS-LM Model and Aggregate Demand Curve Quiz

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By ImpressedSaturn

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3 Questions

In the IS-LM-Aggregate Supply model, the natural rate of unemployment is associated with:

Friedman's Expectation Model is based on the idea that individuals form their expectations of future inflation based on:

Which concept suggests that individuals form their expectations of future economic conditions based on past experiences and past information?

Description

Test your understanding of the IS-LM model, aggregate demand curve, determination of equilibrium national income and price level, long run Phillips curve, Friedman's expectation model, Tobin's modified Phillips curve, adaptive expectations, and rational expectations.

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