One of the Most Crucial Ideas in Macroeconomics Is Understanding

question 53

Multiple Choice

One of the most crucial ideas in macroeconomics is understanding that:

• A) zero unemployment is the best way to achieve economic growth.
• B) total expenditures or total income both measure total production of an economy.
• C) economic downturns can be prolonged by fiscal policy.
• D) GNP is the most commonly used measurement of total production.