Understanding Macroeconomics
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Understanding Macroeconomics

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@IndividualizedHeliotrope

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Questions and Answers

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?

  • Price level
  • Unemployment rate
  • Business growth
  • Employment rate (correct)

    • 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?

    <p>Various factors such as supply and demand</p> Signup and view all the answers

    Why do different countries have different unemployment rates?

    <p>Different employment rates</p> Signup and view all the answers

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