Question 7
Question 7 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...

effects of shifts in demand and supply curves on equilibrium price and quantity

3. Government microeconom...
3.2. Methods and effects of governm...

impact and incidence of specific indirect taxes

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