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Explain how the static aggregate demand and aggregate supply model gives us misleading results about the price level,particularly with respect to decreases in aggregate demand.Describe how the aggregate demand curve is different in the dynamic model as compared to the static model.Describe how potential GDP is different in the dynamic model as compared to the static model.
Federal Government
The national government of a federal system, which shares power with state or provincial governments according to the constitution of the country.
National Bank System
A network of banks chartered by the federal government in the United States, established to create a stable, national currency and improve the government's control over the economy.
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Warfare characterized by the use of current technology and tactics, involving nations or groups, and often including cyber warfare and advanced weapons systems.
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The application of engineering and manufacturing technology to make production faster, simpler, and more efficient.
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