Match the Person or Term with the with the Correct

question 28

Multiple Choice

Match the person or term with the with the correct description.
-checks and balances

• A)annuity system
• B)unicameral system
• C)first written American constitution
• D)abolished in 1808
• E)two houses based on proportional representation
• F)separation of powers
• G)division of powers
• H)essays that generated support for Constitutional ratification
• I)amendments
• J)citizenship limited to whites only
• K)slave compromise
• L)ruled slavery unlawful in England

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Definitions:

Potential Output

The maximum sustainable level of real GDP over the long term that does not lead to an increase in inflation.

Price Level

This term refers to the average of current prices across the entire spectrum of goods and services produced in the economy.

Aggregate Demand Curve

A curve that represents the total quantity of all goods and services demanded by the economy at different price levels.

Equilibrium Output

The level of output where the aggregate supply is equal to the aggregate demand in an economy.