Multiple Choice
A key insight into macroeconomics is that in the short run the combined effect of individual decisions:
A) is always the same as what one individual intended.
B) may be very different from what any one individual intended.
C) is always beneficial to the economy as a whole.
D) is always detrimental to the economy as a whole.
Correct Answer:
Verified
Correct Answer:
Verified
Q32: Long-run economic growth is best measured by:<br>A)
Q33: Long-run growth is a(n):<br>A) sustained upward trend
Q34: Macroeconomics focuses on:<br>A) the economy as a
Q35: Choose the best answer. The topics studied
Q36: Recessions are periods when:<br>A) output rises.<br>B) the
Q38: Which two types of policy are considered
Q39: Goods and services that are produced in
Q40: An open economy:<br>A) trades goods and services
Q41: Which one of the following measures long-run
Q42: A country's real gross domestic product (GDP),