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In Video Example 9

question 55

Multiple Choice

In Video Example 9.2,the mother explains that her daughter is better off in a special school because

Understand the effects of changes in aggregate demand and supply on price levels and output.
Identify the mechanisms of adjusting to long-run equilibrium, including recessionary and expansionary gaps.
Comprehend the role of nominal wages in the economy and their adjustment process.
Analyze the impact of aggregate demand and supply shifts on equilibrium in the short run and long run.

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