Author Question: The Classical macroeconomic model proposes that A) real GDP equals potential GDP as long as ... (Read 68 times)

Yi-Chen · **on:** Jun 30, 2018

The Classical macroeconomic model proposes that

A) real GDP equals potential GDP as long as inflation equals zero.
B) government intervention is required to help the economy reach its potential.
C) changes in the quantity of money are critical in driving economic growth.
D) socialism produces the most efficient economic outcomes for a society.
E) markets work efficiently to produce the best macroeconomic outcomes.

Question 2

What is the good or service is given the most weight in the CPI?

A) housing
B) apparel
C) recreation
D) food and beverages
E) transportation