Multiple Choice
Macroeconomists tend to agree on
A) that all business cycles are due to self-fulfilling optimism and pessimism.
B) approaches to constructing models of economic growth.
C) the implications of real business cycle theory for government policy.
D) the usefulness of Keynesian models.
E) nothing.
Correct Answer:
Verified
Correct Answer:
Verified
Q46: The 2007-08 recession in Canada<br>A)was worsened by
Q47: According to real business cycle theory, the
Q48: The Fisher relation is<br>A)the negative relationship between
Q49: In a competitive equilibrium, we assume that
Q50: Improvements in a country's standard of living
Q52: Adam Smith's Wealth of Nations emphasized<br>A)that Scotland
Q53: Unemployment, at the aggregate level<br>A)is avoidable.<br>B)is zero
Q54: One consequence of government deficits is<br>A)reduced consumer
Q55: One possible explanation of the higher unemployment
Q56: The relationship between the level of