Multiple Choice
Macroeconomists cannot conduct controlled experiments, such as testing various tax and expenditure policies, because:
A) it is against the law.
B) they tried it once and it did not work.
C) they must make use of the data history gives them.
D) economists already know the answers that would come out of the experiments.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The unemployment rate:<br>A) was zero during the
Q3: When studying the short-run behavior of the
Q4: The study of the economy as a
Q5: A severe recession is called a(n):<br>A) depression.<br>B)
Q6: In a simple model of the supply
Q8: How does the distinction between flexible and
Q9: The assumption of continuous market clearing means
Q10: Which of the following is the best
Q11: Recessions are periods when real GDP:<br>A) increases
Q12: Column A below lists the names