Multiple Choice
To be useful,macroeconomic models
A) must be complete, accurate descriptions of the world.
B) never generates testable hypothesis.
C) must be simple.
D) provides a lot of intricate details.
E) must be extremely realistic.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Growth in productivity slowed from the<br>A) early
Q12: The idea that government budget deficits do
Q13: When there is high inflation<br>A) interest rates
Q14: What do we assume about households and
Q15: According to Keynesian coordination failure theory,the primary
Q17: Countries gain from<br>A) trading goods and assets
Q18: Unemployment,at the aggregate level<br>A) is zero in
Q19: Gross Domestic Product is<br>A) the quantity of
Q20: The structure of a macroeconomic model involves<br>A)
Q21: One possible explanation of the higher unemployment