Determinants of macro performance work on macro outcomes through

A. Internal market forces.
B. International balances.
C. External shocks.
D. Aggregate supply and demand.

Answer: D

Economics

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A change in the relative price of one good versus another will cause a change in marginal product and the allocation of labor resources. When the price of good A increases relative to the price of good B and labor is mobile, the equilibrium real wage in industry A will:

a. rise in terms of good B. b. fall in terms of good B. c. remain the same. d. rise in terms of good A.

Economics

In the short run, if average product is at its maximum, then average variable cost is at its minimum

Indicate whether the statement is true or false

Economics