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ECN 211 : Final Exam Review 2025 Questions and Answers
ECN 211 : Final Exam Review 2025 Questions and Answers
Course:
ECN 211
Institution:
ECN 211
ECN 211 : Final Exam Review 2025 Questions and Answers
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| Uploaded on: | September 4, 2025 |
| Last updated: | September 5, 2025 |
| Number of pages: | 12 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | ECN 211 : Final Exam Review 2025 Questions and Answers |
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ECN 211 : Final Exam Review 2025 Questions and Answers Real GDP is commonly used for what? - ....ANSWER When real GDP falls, so does what? - ....ANSWER ...-Short run changes. ...-- Personal income - Corporate profits - Consumer spending - Investment spending - Industrial production When the overall economy declines that is due to what? - ....ANSWER ...-- Reduction in spending in factories - Housing - Inventory When real GDP declines, what happens to the unemployment rate? ....ANSWER ...-It increases. What is the natural rate of unemployment? - ....ANSWER In the short run, what can money supply do? - ....ANSWER ...-5% or 6%. ...-It can temporarily push real GDP away from the long run. …FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1
