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AP Economics - Nat’l Income, P Determination
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Last update by
DemiDec
on 10/03/2009
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AP Economics - Nat’l Income, P Determination
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Premium AP Economics Flashcards to help you prepare and pass the AP Econ Exam
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AP Economics Flashcards
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AP Economics
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AP Economics - Nat’l Income, P Determination
Flashcard Review
1
Multiplier effect
2
Crowding-out effect
3
Aggregate demand
4
John Maynard Keynes
5
Recession
6
Depression
7
Business cycle
8
Long-run aggregate supply shifters
9
Short-run aggregate supply shifters
10
Great Depression aggregate demand trend
1
2
3
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Free Flashcard From AP Economics - Nat’l Income, P Determination
Question:
Multiplier effect
Answer:
When each dollar of government spending increases aggregate demand by more than one dollar.