MCQs: The hypothesis that people know the true model of the economy and that they use this model to form their expectations of the future is the ?
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MCQs: The nation that the government can establish the macroeconomic is known as ?
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MCQs: According of Keynes, the level of employment is determined by ?
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MCQs: According to classical models, the level of employment is determined primarily by ?
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MCQs: The economists who emphasised wage flexibility as a solution for unemployment were ?
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MCQs: A group of modern economists who believe that institutional factors and confidence strongly influence business behaviour and that expanding demand will usually increase output rather than prices are the ?
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MCQs: A group of modern economists who believe that markets clear very rapidly and that expanding the money supply will always increase prices rather than employment are the ?
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MCQs: New classical theories were an attempt to explain ?
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MCQs: If the demand for money depends on the interest rate the velocity of circulation is ?
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MCQs: The persistence of a phenomenon such as unemployment, even then its causes have been removed is called ?
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MCQs: The rational-expectation hypothesis suggests that the forecasts that people make concerning future inflation rates ?
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MCQs: Rapid increase in the price level during periods of recession of high unemployment are known as ?
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MCQs: The government increase government spending to try to reduce unemployment This is an example of ?
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MCQs: Keynesian economics became popular because it was able to explain ?
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MCQs: According to the classical economists the economy ?
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MCQs: Prices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded are ?
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MCQs: Criticisms against the North American Free Trade Agreement include all of the following except ?
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MCQs: Trade creation will more likely outweigh trade diversion for Country X that forms a customs union if the level of tariffs in Country X prior to the customs union is ________ and the total number of countries forming the customs union is _________?
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MCQs: A positive, dynamic effect of economic integration is illustrated by ?
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MCQs: _________ is said to exist when the formation of a regional trading group leads to an expansion of trade above pregroup levels ?
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