The document outlines a knowledge check for an economics course, focusing on concepts such as the AS/AD model, Say's Law, and the long-run aggregate supply curve. It discusses key macroeconomic hypotheses and differences between standard economic theories and structural stagnation. Additionally, it touches on the personal savings rate and its implications according to Keynesian economics.

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1.The globalized AS/AD curve is the standard AS/AD model with an added
2.According to Say's Law, people
3.A shift in the long-run aggregate supply curve will change
4.The hypothesis about the macroeconomy that sees the recent problems with the
U.S. economy directly related to the structural problems caused by globalization is
referred to as the __________ hypothesis.
8.The central difference between the standard theory and the structural stagnation
hypothesis when it comes to growth is
5.In 2009, the personal savings rate rose. If the additional savings were not
translated into investment, Keynes would predict that aggregate income would
6.According to the Keynesian model,
7.The study of economic growth focuses on the factors that cause an