Practice - Equilibrium Level of Income and Employment
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Practice Questions
Test your understanding with targeted questions
What is aggregate demand?
💡 Hint: Think about what people in the economy want to buy.
Name one type of unemployment.
💡 Hint: Consider the reasons people may be out of work.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does aggregate demand equal at equilibrium?
💡 Hint: Consider the definition of equilibrium in economic terms.
True or False: Keynesian theory believes in minimal government intervention.
💡 Hint: Reflect on the role of government in addressing economic downturns.
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Challenge Problems
Push your limits with advanced challenges
Analyze a scenario where government spending increases during a recession. What will be the short-term and long-term effects on aggregate demand and employment?
💡 Hint: Consider the multiplier effect and what happens to job creation.
Evaluate the impact of a sudden spike in imports on a country’s aggregate demand and employment levels. What measures might the government take?
💡 Hint: Think about how balance of trade affects domestic demand.
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