Multiple Choice
To be useful, macroeconomic models
A) never generate testable hypothesis.
B) must be extremely realistic.
C) must be complete, accurate descriptions of the world.
D) provides a lot of intricate details.
E) must be simple.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: The 1981-82 recession in Canada<br>A)was caused by
Q13: A trade-off between aggregate output and inflation<br>A)is
Q14: Since 1870, the typical Canadian<br>A)became twice as
Q15: Reductions in the real interest rate caused
Q16: Business cycles<br>A)occur every five years in Canada.<br>B)are
Q18: What do we assume about households and
Q19: When there is high inflation<br>A)the nominal interest
Q20: In the 2008-09 recession, the government deficit<br>A)stayed
Q21: The two key business cycle events in
Q22: New Keynesian Theory<br>A)includes microeconomic foundations and does