Macroeconomic models particularly focus on the following three economic data series
A) real GDP, the unemployment rate, and inflation
B) endogenous variables, exogenous variables, and GDP per person
C) inflation, recessions, and business cycles
D) real GDP, the employment rate, and interest rates
E) real GDP, the unemployment rate, and depressions
A
Economics
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A common fallacy that is used to oppose trade is the idea that
a. the only gains from trade go to the rich, so the poor must lose. b. "you get what you pay for." c. "if it's not broken, don't fix it." d. one country's gain must be another's loss. e. what is true for one is true for all.
Economics
The existence of money
a. reduces specialization. b. makes trade easier. c. allows for barter. d. hinders production.
Economics