Fani Warraich ECONOMICS - Macroeconomics

Until the First World War, the prices

A. Showed a procyclical trend. B. fluctuated up and down with high magnitudes but no trend. C. Showed a countercyclical trend. D. Trendless.

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Explanation

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The price-level was balanced over long periods of 20-50 years.

Fani Warraich ECONOMICS - Macroeconomics

Macroeconomics distinguishes between the real economy and the

A. Black economy. B. Monetary economy. C. Virtual economy. D. Normative economy.

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Explanation

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Spending is influenced by both the amounts of products and services purchased and their dollar-denominated pricing.

ECONOMICS