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Test Bank for Macroeconomics 22nd Edition by Campbell McConnell $35.49   Add to cart

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Test Bank for Macroeconomics 22nd Edition by Campbell McConnell

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Test Bank for Macroeconomics 22e 22nd Edition by Campbell McConnell, Stanley Brue and Sean Flynn ISBN-13: 2456 Full Chapters test bank Macroeconomics 22nd edition McConnell

Last document update: 1 year ago

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  • April 26, 2022
  • September 11, 2023
  • 2838
  • 2021/2022
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By: Tutor247 • 1 year ago

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Chap 01_22e_Macro_Static
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) An economic model is an ideal or utopian type of economy that society should strive to
obtain through economic policy.

⊚ true
⊚ false


2) Because economic generalizations are simplifications from reality, they are impractical
and useless.

⊚ true
⊚ false


3) If economic theories are solidly based on relevant facts, then appropriate economic policy
becomes obvious and uncontroversial.

⊚ true
⊚ false


4) Normative statements are expressions of facts.

⊚ true
⊚ false


5) Positive statements are expressions of value judgments.

⊚ true
⊚ false


6) Macroeconomics explains the behavior of individual households and business firms;
microeconomics is concerned with the behavior of aggregates or the economy as a whole.

⊚ true
⊚ false




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