ECO 372 Week 2 knowledge Check

1.The globalized AS/AD curve is the standard AS/AD model with an added 2.According to Say’s Law, people 3.A shift in the long-run aggregate supply curve will change 4.The hypothesis about the macroeconomy that sees the recent problems with the U.S. economy directly related to the structural problems caused by globalization is referred to as the __________ hypothesis.  8.The central difference between the standard theory and the structural stagnation hypothesis when it comes to growth is 5.In 2009, the personal savings rate rose. If the additional savings were not translated into investment, Keynes would predict that aggregate income would  6.According to the Keynesian model, 7.The study of economic growth focuses on the factors that cause an

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