Multiple Choice
Economists need different models of the economy because
A) the economy behaves differently depending on how much time has passed after a demand shock.
B) we need a different model to analyze a positive demand shock than we need to analyze a negative demand shock.
C) the way economic performance is measured changes over time.
D) prices tend to be less flexible over time.
Correct Answer:
Verified
Correct Answer:
Verified
Q44: There is a trade-off between<br>A) saving and
Q92: Under modern economic growth, the annual average
Q190: Economists believe that most short-run fluctuations<br>A)are the
Q191: Suppose a family's income increases by 5
Q192: Situations in which firms expect one thing
Q193: (Consider This) Suppose that Toyota buys a
Q195: If prices of goods and services were
Q197: The amount of investment is ultimately limited
Q198: In 2008-2009, the U.S.economy lost 8 million
Q224: At the core of understanding economic growth