Macroeconomics first developed as a new subfield of economics
A) when Adolph Hitler ordered economists to learn more about national economies.
B) following the oil price increases of the 1970s.
C) as a result of Adam Smith's publication of The Wealth of Nations in 1776.
D) in response to the severe economic hardships of the Great Depression.
E) when the Bank of Canada was established in 1921.
Correct Answer:
Verified
Q4: The value of output was $100 billion
Q5: The degree to which people have access
Q6: The country of Southland produced $2,000 billion
Q7: Compared to 1926,total output in Canada today
Q8: Average labour productivity equals
A) average production per
Q10: People who enjoy high standards of living
Q11: The country of Northland produced $1,000 billion
Q12: Because population grows over time,the best indicator
Q13: A key indicator of the hardship experienced
Q14: The Great Depression
A) occurred only in Canada
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