Macroeconomists study - Study guides, Class notes & Summaries

Macroeconomics would include the study of national infrastructures Which of the following statements describes macroeconomics? It looks at the overall ups and downs of the economy. Microeconomics involves decisions made by firms and households Studying macroeconomics helps us learn about the value and limitations of __________, which occurs across nations, typically involving foreign exchange transactions. global trade Macroeconomists look at __________ to study the overall health of the e...

Chapter 1. The Science of Macroeconomics 1. Macroeconomics does not try to answer the question of: A) why some countries experience rapid growth. B) what is the rate of return on education. C) why some countries have high rates of inflation. D) what causes recessions and depressions. 2. A typical trend during a recession is that: A) the unemployment rate falls. B) the popularity of the incumbent president rises. C) incomes fall. D) the inflation rate rises. 3...

Macroeconomics International Edition 5th Edition – Test Bank 1) In 2011, the per-capita GDP in the United States, in 2005 dollars, was about 500. A) $17,500. 501. B) $27,500. 502. C) $43,000. 503. D) $47,500. Answer: C Question Status: Revised 2) Which of the following topics is NOT a primary concern of macroeconomists? 1. A) fluctuations in the level of economic activity 2. B) differences in standards of living across countries 3. C) relative wages of skilled and unskilled ...

Macroeconomics International Edition 5th Edition – Test Bank Macroeconomics, 5e (Williamson) Chapter 1 Introduction 1) In 2011, the per-capita GDP in the United States, in 2005 dollars, was about 500. A) $17,500. 501. B) $27,500. 502. C) $43,000. 503. D) $47,500. Answer: C Question Status: Revised 2) Which of the following topics is NOT a primary concern of macroeconomists? 1. A) fluctuations in the level of economic ...

 Teaching Goals Physics has so far failed to provide a unified theory to explain all physical phenomena. Economics is even further away from achieving such a goal. Keynesian models, while still popular among many policymakers, do not do a very good job of explaining the source and the mechanism by which the typical business cycle comes to pass. Although business cycles are remarkable similar, they are not identical, and they appear to have multiple causes. Equilibrium theorists have propose...