Macroeconomic Models

question 22

Multiple Choice

Macroeconomic models:

• A)assume that all wages and prices are sticky.
• B)assume that all wages and prices are flexible.
• C)make different assumptions to explain different aspects of the macroeconomy.
• D)focus primarily on the optimizing behaviour of households and firms.

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Definitions:

Milk Of Magnesia

A liquid medication, primarily used as an antacid and laxative, containing magnesium hydroxide.

Acid Base

Refers to the mechanisms the body uses to maintain its pH within the narrow range necessary for various bodily functions to operate optimally.

Nucleoplasm

The semi-fluid substance inside the nucleus of a cell, containing the chromatin and the nucleolus.

Semifluid Medium

A substance that has properties between solid and liquid states, often used in biological and chemical applications for cultures or reactions.