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1.       17- 
Use shifts of the AD and AS curves to explain the cost-push inflation of the 1970s.

2.       18- 
What is the mathematical term to describe the relationship between real consumption and real GDP?

3.       19- 
What is the mathematical term to describe the relationship between real saving and real GDP?

4.       20- 
What happens to the value of the APC as real GDP decreases?

5.       21- 
What happens to the value of the APS as real GDP decreases?

6.       22- 
APC + APS = MPC + MPS: TRUE OR FALSE?

7.       23- 
Briefly summarize Say’s Law.

8.       24- 
Briefly summarize the Classical view of how the economy works.

9.       35- 
What historical event caused a change in thinking about the way the economy works?

10.    26- 
Briefly summarize the Keynesian view of how the economy works.

11.    27- 
What is the difference between the investment demand curve for a business and the investment schedule for an economy?

12.    28- 
What is the difference between the equilibrium level of real GDP and the full-employment level of real GDP in the Keynesian model?

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