QUESTION 1 To determine the price level and aggregate output, the aggregate demand and aggregate supply must be considered separately. be disregarded. be considered as a multiplier. intersect. QUESTION 2 Automatic stabilisers are O variables under the control of private sector decision-makers that push the macroeconomy towards equilibrium. government policies that automatically adjust to smooth the economic cycle. central bank decisions that smooth out the exchange rate. changes in production by firms when inventories vary from their planned level.

QUESTION 1 To determine the price level and aggregate output, the aggregate demand and aggregate supply must be considered separately. be disregarded. be considered as a multiplier. intersect. QUESTION 2 Automatic stabilisers are O variables under the control of private sector decision-makers that push the macroeconomy towards equilibrium. government policies that automatically adjust to smooth the economic cycle. central bank decisions that smooth out the exchange rate. changes in production by firms when inventories vary from their planned level.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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