Histograms Cannot Have Gaps Between the Bars, Whereas Bar Charts

question 72

True/False

Histograms cannot have gaps between the bars, whereas bar charts can have gaps.

Identify how shifts in aggregate demand and aggregate supply affect the price level and real GDP in the short run.

Distinguish between the short-run and long-run aggregate supply curves and their reactions to changes in the expected price level.

Recognize the role of expectations in the sticky wage and sticky price theories, especially in response to unexpected changes in the price level.

Comprehend the determinants of the long-run level of real GDP and the impact of technology changes on output and prices.

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