Introduction to Macroeconomics

This is a graph showing price and total output in the short and long run.

a

Which best describes what injector factors bring to an economic system?

$

Which challenges faced by an economy are examined in macroeconomics? Check all that apply.

2,3,4

The circular flow model examines interactions between which sectors of the economy? Check all that apply.

2,3,5

Macroeconomic equilibrium occurs when aggregate supply and aggregate demand meet. What does this indicate about society?

Society's supply and demand have stagnated.

In microeconomics, what occurs when equilibrium is reached?

c

Which body or group is most able to use money to influence the economy?

government

The aim of the study of macroeconomics is to examine

the behavior

Which best describes what occurs in the product market?

the exchange of goods and services for money