« previous next »

Author Question: Economic models are A) always based on laboratory methods similar to natural sciences. B) a ... (Read 30 times)

elizabeth18

  • Hero Member
  • *****
  • Posts: 559
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

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz
These monolithic figures from Easter Island suggest the contemplative nature of philosophy, which ca These monolithic figures from Easter Island suggest the contemplative nature of philosophy, which ca
Natural Healing Timeline Natural Healing Timeline
La Niña: The impact of natural cycles La Niña: The impact of natural cycles
Absorption Methods in the Intestine Absorption Methods in the Intestine
economic question economic question
Video: Adolescent Diabetes

For a complete list of videos, visit our video library