What is the key macroeconomic issue of the short run and what is the key macroeconomic issue of the long run?
What will be an ideal response?
In the short run, macroeconomics focuses on the business cycle, and in the long run, macroeconomics focuses on long-run economic growth.
Economics
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Implicit costs are usually easier to measure than explicit costs
Indicate whether the statement is true or false
Economics
The "key ingredient" in ending a hyperinflation is to
A) allow the money supply to grow more rapidly. B) reduce the enormous budget deficit. C) require wage contracts to be indexed more frequently. D) devalue the nation's currency in the foreign exchange market.
Economics