Multiple Choice
The critical assumptions behind the idea of Adam Smith's invisible hand are
A) wage-price flexibility and individuals pursuing their own self-interests.
B) balanced budget and balance trade.
C) zero unemployment and high economic growth.
D) high economic growth and low inflation.
Correct Answer:
Verified
Correct Answer:
Verified
Q28: Positive analysis of economic policy<br>A)examines the economic
Q36: The short-run,but sometimes sharp,contractions and expansions in
Q37: A useful macroeconomic theory<br>A)is based on reasonable
Q38: Explain the main assumptions in a balanced
Q39: Analyzing the effect of a shock on
Q40: John Maynard Keynes disagreed with the classical
Q42: Macroeconomic information for the economy of
Q43: The difference between microeconomics and macroeconomics is
Q45: Canadian exports are goods and services<br>A)produced abroad
Q46: The unemployment rate is the<br>A)number of unemployed