Macroeconomics can be defined as:

What is an inferior good?

True or False: The official measure of GDP understates the true level of national income because of the existance of the "shadow" or informal economy.

When is the economy in macroeconomic equilibrium?

Which of these is a liability?

Which country best approximates a closed economy?

A stagflation can turn into a cost-push inflation process when _______.

The broadest measure to adjust nominal gdp for price changes is _____.

Hubble's law was discovered using measurements of two properties of a galaxy: _______ and _______.

A government budget deficit ______ the real interest rate because ______.

The compounding effect ________ savers and _________ borrowers.