Multiple Choice
Macroeconomists use models
A) to explain long-run economic growth.
B) to explain everything that occurs in the world.
C) to provide accurate descriptions of the world.
D) that explain government deficit and debt.
E) to explain international trade.
Correct Answer:
Verified
Correct Answer:
Verified
Q45: Improvements in a country's standard of living
Q46: The relationship between the level of growth
Q47: One consequence of government deficits is<br>A) lower
Q48: Primarily,macroeconomists use microeconomic principles to study<br>A) business
Q49: The behaviour of the real interest rate
Q51: When a country has a current account
Q52: During the 2008-2009 recession in Canada,<br>A) exports
Q53: The real interest rate is<br>A) equal to
Q54: What explains the trends in nominal interest
Q55: Canada has had a current account surplus