Which economic phenomenon is the short-run macro model most useful in explaining?
a. The sources of employment in the long run
b. The trend of output in the long run
c. The sources of cyclical unemployment
d. The reasons why some workers become discouraged
e. The sources of long-run economic growth
C
Economics
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Refer to the scenario above. If the population of the economy is 200, the per capita national income is:
A) $17. B) $50. C) $10. D) $35.
Economics
Which of the following is an index of exchange rates?
A) import-export ratio B) trade-weighted exchange rate C) trade balance index D) foreign price-domestic price ratio
Economics