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Use the following to answer questions:
-(Figure: Fiscal Policy II) Refer to Figure: Fiscal Policy II. Suppose that this economy is in equilibrium at E1. If there is an increase in government purchases, _____ will shift to the _____, causing a(n) _____ in the price level and a(n) _____ in real GDP.
Pie Chart
A circular statistic graphic, which is divided into slices to illustrate numerical proportion. Each slice represents a category's contribution to the total.
Line Graph
A type of chart used to display information as a series of data points connected by straight line segments, often to show trends over time.
Cumulative Frequency
The sum of a class and all classes below it in a frequency distribution.
Frequency Polygon
A graphical representation of the distribution of a dataset that shows the frequency of data points within certain intervals.
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Q324: Social insurance is:<br>A) essentially any type of