After the Manchus Captured Beijing, Some Ming Loyalists Fled to the Island

question 12

Multiple Choice

After the Manchus captured Beijing, some Ming loyalists fled to the island of Taiwan, where they expelled the ________, who had established a trading base there.

• A) Portuguese
• B) Japanese
• C) British
• D) Dutch

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Definitions:

Potential Output

The maximum sustainable level of real GDP over the long term that does not lead to an increase in inflation.

Price Level

This term refers to the average of current prices across the entire spectrum of goods and services produced in the economy.

Aggregate Demand Curve

A curve that represents the total quantity of all goods and services demanded by the economy at different price levels.

Equilibrium Output

The level of output where the aggregate supply is equal to the aggregate demand in an economy.