Economics 2152A/B Chapter Notes - Chapter 9: Real Interest Rate, Marginal Product, Pearson Education
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8 Jan 2019
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Chapter 9 the is-lm/ad-as model: a general framework for macroeconomic analysis. 9. 1 multiple-choice questions: the fe line shows the level of output at which the ________ market is in equilibrium, goods, asset, labour, money. Diff: 1 type: mc page ref: 305: the fe line is vertical because the level of output at full employment doesn"t depend on the, real wage rate, level of employment, marginal product of labour, real interest rate. Copyright 2012 pearson canada inc: a temporary increase in government purchases causes the real interest rate to ________ and output to ________, rise; rise, rise; fall, fall; rise, rise; remain unchanged. Diff: 2 type: mc page ref: 310: a rise in expected future output that doesn"t affect labour supply would shift the is curve. ________ and the fe line ________: down; is unchanged, down; right, up; is unchanged, up; right.
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