What characterizes a competitive equilibrium?
A) Markets are rationed.
B) Governments stay out of the market.
C) Economic agents are price-takers.
D) It is costly to experiment with policies.
Correct Answer:
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Q2: For the study of economic growth,it is
Q3: Over the twentieth century,growth in per-capita GNP
Q4: The relationship between the growth rate of
Q5: Which is a question of interest in
Q6: Which of the following assertions is false?
A)
Q7: A useful macroeconomic model
A) is extremely realistic.
B)
Q8: When we say the U.S. economy has
Q9: Primarily,macroeconomists use microeconomic principles to study
A) business
Q10: The structure of a macroeconomic model involves
Q11: Over the course of the twentieth century,the
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