Macroeconomic models:
A) assume all wages and prices are sticky.
B) assume all wages and prices are flexible.
C) make different assumptions to explain different aspects of the macroeconomy.
D) focus primarily on the optimizing behavior of households and firms.
Correct Answer:
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A) exogenous variables and
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A) fixed at the moment
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Q41: Macroeconomics is:
A) based on microeconomic foundations.
B) completely
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