The two most comprehensive, widely accepted macroeconomic models are
A. the Austrian model and the Keynesian model.
B. the supply-side model and the real business cycle model.
C. the classical model and the Keynesian model.
D. the classical model and the supply-side model.
Answer: C
Economics
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Catherine quit her job in order to look for a new one; therefore, she is best considered as
A) frictionally unemployed. B) structurally unemployed. C) cyclically unemployed. D) seasonally unemployed.
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The transactions demand for money is most closely related to money functioning as a:
A. unit of account. B. medium of exchange. C. store of value. D. measure of value.
Economics