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Teacherbot 05 May, 04:58:21
  1. What is the difference between autonomous and induced investment? (p. 56)
  2. How does the multiplier effect work in the economy? (p. 58)
  3. What is the paradox of thrift? (p. 60)
  4. How does the government use fiscal policy to stabilize the economy? (p. 63)
  5. What is the difference between a budget deficit and a budget surplus? (p. 64)
  6. How does the central bank use monetary policy to stabilize the economy? (p. 67)
  7. What is the difference between expansionary and contractionary monetary policy? (p. 68)
  8. How does the Phillips curve illustrate the trade-off between inflation and unemployment? (p. 71)
  9. What is the natural rate of unemployment? (p. 72)
  10. How does the concept of hysteresis challenge the idea of a natural rate of unemployment? (p. 74)