Introduction to Macroeconomics Answers
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This is a graph showing price and total output in the short and long run.According to this graph, how does supply behave in the short run and long run?
A
Output remains constant.B
Output increases.C
Output cannot be predicted.D
Output reacts differently.2
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This is a graph showing price and total output in the short and long run. According to this graph, how does supply behave in the long run?
A
Output remains constant.B
Output increases.C
Output cannot be predicted.D
Output decreases.3
The aim of the study of macroeconomics is to examine
A
the interactions between individual producers and consumers.B
the behavior of factors affecting the economy.C
the relationship between supply and demand.D
the economy’s viability.4
Why are imports, which bring goods into a country, considered a leakage factor?
A
Imports do not generate domestic income.B
Domestic industry loses ground as imports increase.C
Imports are taxed heavily, which is a secondary leakage factor.D
The money paid to producers of imports leaves the country.Did you find these answers helpful?
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