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Some Economists Contend That a Policy of Shifting the Aggregate

question 36

Multiple Choice

Some economists contend that a policy of shifting the aggregate demand curve will be costly because it produces more volatility in both the price level and output.These economists likely are advocates of ________ policy.


Definitions:

Abnormal

Deviating from what is considered normal or typical, often referring to behaviors, conditions, or phenomena that fall outside societal norms or average patterns.

Paraphrasing Skills

The ability to restate the text or speech in one's own words while maintaining the original meaning.

Misunderstandings

Situations in which the meaning, intention, or effect of communication is not correctly perceived or interpreted by one or more parties.

Listening

Process of selecting, attending to, creating meaning from, remembering, and responding to verbal and nonverbal messages.

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