Exam 1: Introduction

The macroeconomic models that are most supportive of the role of government policy aimed at smoothing business cycles are

The Beveridge curve is

Improvements in a country's standard of living are brought about in the long run by

Real interest rates were negative during most of the

Which is not a cause for business cycles considered by macroeconomists?

A government deficit occurs when

The development most responsible for the wide-spread introduction of macroeconomic models built upon solid microeconomic foundations was the

When a country has a current account deficit,the country

Two important theories of unemployment are

Which of the following questions is of most interest for MACROECONOMISTS?

Regarding money,what matters most?

The most likely explanation of the recession of 1981-1982 was

Government debt is different from individual debt because

Which was the deepest recession in the United States before the recession of 2008-09?

The U.S. government budget was

Which is a question of interest in this book?

What is the key feature that differentiates business cycle theories?

Current macroeconomic models use microeconomic principles because

In the long run,the quantity of money

For the study of economic growth,it is most helpful to examine movements in ________; for the study of business cycles,it is most helpful to examine movements in ________.