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True or False
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1
Flexible prices and wages are a basic tenet of Keynesian economics.
A)True
B)False
2
The Great Depression was the longest period of economic contraction in United States economy.
A)True
B)False
3
Policy levers are a macro outcome.
A)True
B)False
4
Aggregate supply shifts to the left if there is a shortage of wheat.
A)True
B)False
5
If aggregate supply shifts right and aggregate demand stays the same, the price level will fall.
A)True
B)False





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