Key Terms

Match each of the terms on the left with its definition on the right. Click on the term first and then click on the matching definition. As you match them correctly they will move to the bottom of the activity.

Question

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

Aggregate demand curve, p. 412

Wealth effect of a change in the aggregate price level, p. 413

Interest rate effect of a change in the aggregate price level, p. 414

Aggregate supply curve, p. 418

Nominal wage, p. 419

Sticky wages, p. 419

Short-run aggregate supply curve, p. 420

Long-run aggregate supply curve, p. 424

Potential output, p. 425

AD–AS model, p. 428

Short-run macroeconomic equilibrium, p. 428

Short-run equilibrium aggregate price level, p. 428

Short-run equilibrium aggregate output, p. 428

Demand shock, p. 429

Supply shock, p. 430

Stagflation, p. 431

Long-run macroeconomic equilibrium, p. 432

Recessionary gap, p. 432

Inflationary gap, p. 434

Output gap, p. 434

Self-correcting, p. 435

Stabilization policy, p. 437