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Questions and Answers
Which variables are key in the study of macroeconomics?
Which variables are key in the study of macroeconomics?
- Output, employment, and the price level (correct)
- Input, employment, and the price level
- Output, employment, and the wage level
- Output, unemployment, and the price level
Which factor determines a country's output?
Which factor determines a country's output?
- Price level
- Unemployment rate
- Business growth
- Employment rate (correct)
What constitutes a 'healthy' economy?
What constitutes a 'healthy' economy?
- Low output growth and fluctuating price level
- High output growth and fluctuating price level
- High unemployment rate and stable price level
- Low unemployment rate, stable price level, and sustainable output growth (correct)
What causes prices to fluctuate in an economy?
What causes prices to fluctuate in an economy?
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Why do different countries have different unemployment rates?
Why do different countries have different unemployment rates?
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