Macroeconomics First Developed as a New Subfield of Economics

question 70

Multiple Choice

Macroeconomics first developed as a new subfield of economics:

• A)when Adolph Hitler ordered economists to learn more about national economies.
• B)following the oil price increases of the 1970s.
• C)as a result of Adam Smith's publication of The Wealth of Nations in 1776.
• D)in response to the severe economic hardships of the Great Depression.

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Definitions:

Ellipsoidal Joint

A type of synovial joint, such as the wrist joint, that allows movement in two planes but prevents rotation.

Ligamentum Teres

A ligament associated with the femoral head in the hip joint, contributing to the joint's stability.

Glenoid Labrum

A fibrocartilaginous rim attached to the margin of the glenoid cavity in the shoulder, contributing to joint stability.

Acetabular Labrum

A ring of cartilage that surrounds the acetabulum (hip socket) enhancing its depth and stability, and cushioning the hip joint.