Podcast
Questions and Answers
What is the capital of France? (example question)
What is the capital of France? (example question)
- Paris (correct)
- London
- Berlin
- Madrid
Flashcards
What does per capita GDP measure?
What does per capita GDP measure?
The average income level of a Canadian resident
What are the two central phenomena interests in Macro Economics?
What are the two central phenomena interests in Macro Economics?
Long-run growth and Business Cycle
What're the basic components of a macroeconomic model?
What're the basic components of a macroeconomic model?
- Consumers and Firms
- The set of goods consumed
- Consumers Preference
- Production Technology
- Available resources
What is considered to be a "necessary evil in modern economics"?
What is considered to be a "necessary evil in modern economics"?
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What are long-run improvements in living standards are driven by?
What are long-run improvements in living standards are driven by?
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What is a negative of international trade?
What is a negative of international trade?
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What causes inflation in the long-run?
What causes inflation in the long-run?
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"While money is essential, __________"?
"While money is essential, __________"?
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