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Question: To study a macroeconomy we calculate aggregate quantities in real terms because?
1) it is then easier to take logarithms
2)it is the only way to reconcile the three approaches to measuring GDP
3) we want to get rid of the illusion of price effects
4) we want to concentrate on the production of real goods, as opposed to services
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Economics 211- Address how the size and the composition of the Fed's balance sheet have changed over the past seven years and the implications for open market operations as
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