Macroeconomists
Macroeconomists
Question 1
Macroeconomists focus their attention on three key economic statistics. Which are they?
Question 2
Differentiate between nominal GDP and real GDP
Question 3
Differentiate between savings and investments.
Question 4
What is uncertainty in Economics terms?
Question 5
What is âexpectationâ in economics terms? Provide at least one example to corroborate your answer
Question 6
What is economic shock?
Question 7
What is sticky price?
Question 8
Why demand shocks a problem to consider in macroeconomics?
Question 9
Explain how short-run fluctuations in the national output are the results of demand shocks
Question 10
What is the importance of flexible prices over sticky prices?
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