GDP & Changes in Price Intramural Econ. Price Index Inflation is a rise in the general price level It distorts economic statistics To remove distortions,
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Click here to Commence quiz Click here to Commence quiz © APT Initiatives Ltd UNIT 2 The National Economy 2.2 How the Macroeconomy Works Test 2.
1 Aggregate demand and Aggregate Supply (AD and AS) notice the data: while potential GDP tends to move upward yr after yr, due to economic growth, actual.
Business Cycles, Unemployment and Inflation. Business Cycle Economic fluctuations are irregular and unpredictable. –Fluctuations in the economy are often.
Aggregate Demand and Aggregate Supply Chapter 15 CHAPTER 1.
