Directions: Choose the Best Answer Based on the Information You

question 17

Multiple Choice

Directions: Choose the best answer based on the information you read in Chapter 11.
The topic sentence of an expository paragraph includes the topic and

• A) the writer's thought or feeling about it.
• B) the supporting points.
• C) the topic list.
• D) All of the above.

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Definitions:

Prices

The sum of money anticipated, needed, or provided as payment for something.

Classical Dichotomy

The theoretical separation of nominal and real variables in the economy, suggesting that changes in the money supply only affect nominal variables and not real variables like output.

Monetary Neutrality

The economic theory suggesting that changes in the money supply only affect nominal variables and have no long-term effect on real variables such as output or employment.

Long-Run Aggregate-Supply Curve

The long-run aggregate-supply curve represents the total production of goods and services in an economy at different price levels, assuming all resources are fully utilized.