Please help on questions 1 and 3 at coloum A by matching the answers from both columns B and C Thank you Chapter 9 Classical Macroeconomics and the Self Regulating Economy Pre Class and ln Class Activities Packet Nameil D Number Section Date Part 2 Matching Match the Key terms in Column A with the delinitions in Column B by writing the block letter of your choice under column A and match the delinitions in column B with the meanings or examples or real world applications or facts or formulas in column C by writing the lower letter case of your choice under column B Quillmn A column 3 Column C 1 Say's Law A The condition in which the Real GDP a The Gap created because the economy is that the economy is producing is greater than the Natural Real GDP and the unemployment rate is less than the natural unemployment rate 2 Recessionary Gap B A public policy of not interfering with 3 Inationary Gap 4 Laissez faire market activities in the economy C Supply creates its own demand Production Creates enough demand to purchase all the goods and services produced D The condition in which the Real GDP that the economy is producing is less than the Natural Real GDP and the Unemployment rate is greater than the Natural unemployment rate under producing goods and services due to lack of aggregate demand in the overall economy and unemployment is high and ination is low during this period The law advanced by Jean Babtiste Say, a Classical economist who believe in a Iaissez faire or tree enterprise system and who believe that what ever is produced will be consumed The Gap created because the economy is over heated and producing over and above its usual full capacity or full employment level because workers have more than one job and they are compensating for the lost output from those who are unemployed but this may create mild rate of ination d Afree market economic system that allows the price and the market system to direct and coordinate economic activities 3

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Please help on questions  1 and  3 at coloum  A  by matching the answers from both columns  B  and  C   Thank you  Chapter 9  Classical Macroeconomics and the Self Regulating Economy  Pre Class and ln Class Activities Packet Nameil D  Number  Section  Date  Part 2  Matching  Match the Key terms in Column   A   with the delinitions in Column   B  by writing the block letter of your choice under column  A   and match the delinitions in column   B   with the meanings or examples or real world applications or facts or formulas in column   C   by writing the lower letter case of your choice under column  B   Quillmn   A   column   3   Column   C   1  Say's Law  A  The condition in which the Real GDP a  The Gap created because the economy is that the economy is producing is greater than the Natural Real GDP and the unemployment rate is less than the natural unemployment rate  2  Recessionary Gap  B  A public policy of not interfering with  3  Inationary Gap 4  Laissez  faire market activities in the economy   C  Supply creates its own demand  Production Creates enough demand to purchase all the goods and services produced   D  The condition in which the Real GDP that the economy is producing is less than the Natural Real GDP and the Unemployment rate is greater than the Natural unemployment rate  under producing goods and services due to lack of aggregate demand in the overall economy and unemployment is high and ination is low during this period  The law advanced by Jean Babtiste Say, a Classical economist who believe in a Iaissez  faire or tree enterprise system and who believe that what ever is produced will be consumed  The Gap created because the economy is over heated and producing over and above its usual full capacity or full employment level because workers have more than one job and they are compensating for the lost output from those who are unemployed but this may create mild rate of ination  d  Afree market economic system that allows the price and the market system to direct and coordinate economic activities  3

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Please help on questions #1 and #3 at coloum A by matching the answers from both columns B and C. Thank you. Chapter 9: Classical

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