Which of the following is a normative macroeconomics

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Microeconomics: A Contemporary Introduction
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Chapter 6 / Exercise 13
Microeconomics: A Contemporary Introduction
McEachern
Expert Verified
72. Which of the following is a normative macroeconomicsstatement?a.The central bank should increase the nation's money supply.b.The increase in the nation's money supply helped push the nation's unemployment rate down in the short run.c.Ford Motor Company's new advertising campaign ended up hurting General Motors' sales.d.The local government ought to spend more on recreational facilities.
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Microeconomics: A Contemporary Introduction
The document you are viewing contains questions related to this textbook.
Chapter 6 / Exercise 13
Microeconomics: A Contemporary Introduction
McEachern
Expert Verified
73. The purpose of the ceteris paribusassumption is to allow economists to
74. The condition often used in economics to isolate the relationship between two variables is
.
75. The economy moves from point A, where it produces 100 units of X and 200 units of Y, to point B, where it produces 200 units of X and 150 units of Y. It follows that
76. Both country 1 and country 2 are located on their respective production possibilities frontiers (PPFs) for consumer goods and capital goods, but country 1 produces twice the output of both types of goods compared to country 2. It follows thata. country 1's PPF lies further to the right than country 2's PPF.b. country 1 has a smaller population than country 2.c. country 1 has a bigger population than country 2.d. country 1 is efficient and country 2 is inefficient.e. none of the above
77. If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is
78. Points that lie inside (or below) the PPF are
79. If increasingly more units of good Y must be given up as each successive unit of good X is produced, then the PPF for these two goods is

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