Question 12
Question 12 of 30
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
2. The price system and t...
2.4. The interaction of demand and...

definition of market equilibrium and disequilibrium

4. The Macroeconomy (AS L...
4.3. Aggregate Demand and Aggregate...

establishment of equilibrium in the AD/AS model and the determination of the level of real output, the price level and employment