Some economists believe that the good times of the early 2000s were not sustainable because they were creating a dangerous financial bubble and trade deficit.
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Q3: If the economy is not in a
Q4: According to Keynes, market economies:
A)never experience significant
Q5: After the 2008 expansionary policy, unemployment remained
Q6: According to Keynes, why might deflation create
Q7: In the AS/AD model, as the price
Q9: If productivity and wages both rise by
Q10: The short-run aggregate supply curve is upward
Q11: Potential income is that level of income
Q12: Equilibrium income is that level of income:
A)which
Q13: Keynes believed the economy was:
A)fluctuating around potential
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