When constructing economic models, economists are more concerned with
A) what people say than what they do.
B) what people think than what they say.
C) what people do than what they say.
D) what people say than what they do or think.
C
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The real business cycle theory emphasizes that in today's modern age, ________ technology plays a significant role in causing economic fluctuations
A) obsolete ideas in B) advances in C) shocks to D) duplications in
Which of the following is false?
a. A resource is anything that can be used to produce anything else we value. b. Resources are costly because they have alternative uses c. Losses mean resources are not being used efficiently. d. None of the above is false; all are true.
Discouraged workers are workers who have:
What will be an ideal response?
If nominal GDP decreases this will:
a. Decrease the transactions demand and total demand for money b. Increase the transactions demand for money but decrease the total demand for money c. Increase the transactions demand and total demand for money d. Decrease the transactions demand for money but increase the total demand for money