Macroeconomic theory can be helpful to business managers, because:
a. It is like a crystal ball showing the future.
b. It can reduce the odds of making bad decisions and increase the odds of making goods ones.
c. It shows how the future is rather predictable, and by using these tools, countless riches can be made.
d. It has been shown to be a highly accurate way of forecasting economic activity.
e. All of the above.
.B
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________ is a statistical technique used to isolate the individual effects of a number of factors on a single outcome
Fill in the blank(s) with correct word
If a firm is inundated by qualified applicants when it advertises a job opening and the firm's quit rate is unusually low, then the firm is probably paying
A. each worker its marginal revenue product. B. above the market wage. C. the market wage. D. below the market wage.