Multiple Choice
In an economic model:
A) endogenous variables feed into a model to affect exogenous variable.
B) exogenous variables feed into a model to affect endogenous variables.
C) exogenous and endogenous variables feed into the model.
D) none of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Macroeconomists study:<br>A)the determination of the economy's total
Q6: Macroeconomists study:<br>A)the determination of real GDP.<br>B)the production
Q7: During recessions the unemployment rate:<br>A)declines.<br>B)increases.<br>C)is stable.<br>D)is unmeasurable.
Q8: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8790/.jpg" alt=" -In Figure1.1, if
Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8790/.jpg" alt=" -In Figure1.1 the
Q11: Variations in real GDP are called:<br>A)inflation.<br>B)deflation.<br>C)economic fluctuations.<br>D)all
Q12: A macroeconomist would study the:<br>A)price of cars.<br>B)the
Q13: The euro price paid to use capital
Q14: A recession is when GDP is falling
Q15: Describe what happens when demand or supply