last assignment

last assignment - Professor Seaman Macroeconomics 6th ed....

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Professor Seaman Macroeconomics Macroeconomics 6 th ed. Chapters 7, 8, and 9. Terms also gathered from Investing text for Chapter 7 (chapter 4) only Due Sunday April 25, 2010 by Midnight Good luck! Chapter 7 ~Answer the questions on page 153 of your macroeconomics, all except #1 and #6. 2) The general price level, government policies, monetary policies and exchange rate fluctuations. 3) The long-run aggregate demand supply represents the production of an economy when all economic resources are fully utilized. Long-run aggregate demand is vertical at full employment. Short-run aggregate supply is day to day so it can’t be vertical. 4) Change in the input prices, change in expectation, changes in business and labor taxes. 5) Technological improvements, growth of the labor force, and capital growth. 7) Cost-push inflation is fueled by increases in the cost of producing goods and services while demand- pull inflation is caused by increases in the demand for a given volume of commodities across the economy. Aggregate demand is the dollar value of all final goods and services that consumers are willing to buy. Aggregate supply represents the dollar value of all final goods and services that firms are willing
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last assignment - Professor Seaman Macroeconomics 6th ed....

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