Multiple Choice
Important characteristics of macroeconomic models include all of the following except:
A) simplifying assumptions.
B) functional relationships based on randomized control trials.
C) endogenous and exogenous variables.
D) implicit or explicit consistency with microeconomic foundations.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: The assumption of continuous market clearing means
Q41: Why do we call macroeconomics an imperfect
Q44: An assumption of _ is more plausible
Q47: Which of the combinations listed is not
Q48: What is the difference between recession and
Q49: Which of the following statements about economic
Q50: In a simple model of the supply
Q50: In an economic model:<br>A)exogenous variables and endogenous
Q56: Macroeconomics is the study of the:<br>A) activities
Q64: Variables that a model takes as given