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Unit 3: National income and price determination
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How does the aggregate supply and aggregate demand model explain equilibrium of national output and the general price level? How do economic fluctuations affect the economy's output and price level? Fiscal policy holds some of the keys.Learn
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- Aggregate DemandGet 3 of 4 questions to level up!
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- Short-run aggregate supplyGet 3 of 4 questions to level up!
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- Long-run aggregate supplyGet 3 of 4 questions to level up!
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- Long run self-adjustment in the AD-AS modelGet 3 of 4 questions to level up!
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- Fiscal policy: foundational conceptsGet 3 of 4 questions to level up!
- Fiscal policyGet 3 of 4 questions to level up!
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- Automatic stabilizersGet 3 of 4 questions to level up!
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