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Author Question: Economic models are A) always based on laboratory methods similar to natural sciences. B) a ... (Read 29 times)

elizabeth18

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on: Jun 29, 2018
Economic models are
 
  A) always based on laboratory methods similar to natural sciences.
  B) a simplified representations of the real world.
  C) used only in microeconomic analysis by households.
  D) used only in macroeconomic analysis by business firms.

Question 2

Higher unemployment tends to be associated with
 
  A) the classical model.
  B) higher real GDP.
  C) higher nominal GDP.
  D) lower real GDP.


nguyenhoanhat

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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