The short-run macro model
a. relies on the market-clearing assumption
b. is used primarily for long-run analysis
c. is used primarily for short-run analysis
d. focuses on the supply of and demand for resources
e. focuses on fluctuations in the financial markets to explain fluctuations in real GDP
C
Economics
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If the current account shows a deficit, the capital account must show a surplus of the same amount
a. True b. False
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The economy is experiencing a recession combined with inflation. The self-correction school would say the proper response is to_____.
A. increase government spending B. increase regulations on new research projects C. do nothing D. increase the money supply
Economics