Question 17
Question 17 of 30
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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
5. Government macroeconom...
5.4. Supply-side policy

AD/AS analysis of the impact of supply-side policy on the equilibrium national income and the level of real output, the price level and employment

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

impact and incidence of subsidies

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

effects of shifts in the AD curve and the AS curve on the level of real output, the price level and employment