Multiple Choice
According to the Lucas critique, the effects of changes in economic policy
A) do not require macroeconomic theory.
B) cannot always be predicted by looking at historical macroeconomic relationships.
C) are easy to predict.
D) are known to the government.
E) can be determined by looking at macroeconomic data.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: During the 2008 2009 recession in Canada<br>A)unemployment
Q3: Canada has become a more open economy
Q4: The business cycle component of the log
Q5: When a country has a current account
Q6: In the long run, inflation is caused
Q7: Gross Domestic Product is<br>A)the quantity of goods
Q8: The basic structure of a macroeconomic model
Q9: Monetary policy in Canada is determined by<br>A)the
Q10: Primarily, macroeconomists use microeconomic principles to study<br>A)long-run
Q11: Sometimes it is useful to separate economic