ECO122 Tma – Principles of Economics II

ECO122

Macroeconomics problems was dealt with vigorously by ______ economists
Sismondi and Marx

Given S = -bo + BY, where -bo in the model means__________
autonomous

An example of closed economy is____________
Y = C + I

In the early 1933, macro was used in economics by _________
Ragner Frisch

The following economists execept one is not part of those that developed the theory of money and general prices ____________
Smith

The meaning of macro means __________
Aggregate Economy

The problem of double counting or multiple counting arises when applying the ______ method to etimate national income
Output expenditure

In the 18th century the ________ economist makes use of macroeconomics
physiocrat

Consumption is the use of goods and services by __________
household

The following except one is not the goal of macroeconomics ____________
Full Production

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