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Figure: AD-AS
-(Figure: AD-AS) Look at the figure AD-AS. Suppose the economy is initially at E1, where AD1 intersects SRAS1 and LRAS. Now, suppose that the AD1 shifts to AD2. That shift could be due to:
Tulipmania
A period in the Dutch Golden Age where contract prices for tulip bulbs reached extraordinarily high levels and then dramatically collapsed.
Asphyxiation
A condition arising from severely deficient supply of oxygen to the body that arises from abnormal breathing.
High Density Situations
Situations or environments where there is a high concentration of individuals in a given space, which can often lead to increased stress or social tension.
The Who Concert
Specifically refers to any live performance by the legendary rock band The Who.
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Q116: According to the Great Moderation consensus, expansionary
Q138: (Figure: Expected Inflation and the Short-Run Phillips
Q143: (Figure: Short-Run Phillips Curve) Look at the
Q262: (Figure: Monetary Policy I) Look at the
Q293: Classical macroeconomists believed that monetary policy should
Q329: In 2007, the Fed raised its target
Q331: If the economy is at potential output