Select all the statements below that represents characteristics of the neo-classical macroeconomic model: □A. Potential GDP determining the size of the economy □B. Sticky prices and wages C. Flexible prices and wages □D. Focus on long term macroeconomic conditions □E. Focus on government intervention in the economy

Neoclassical regional growth theory focuses exclusively on the role of ___________ as the fundamental determinant of changes in local labor market or metropolitan area output.   A. Demand   B. Supply   C. Both demand and supply   D. None of them

Which of the following is the most likely to occur in the Circular Flow Model when a recession takes place? the shoe factory may decide to maintain the same amount of machinery in their plant the Ford car dealership reports higher than usual sales O very little activity by unemployed workers on online job search sites is reported Tom's Corn Farming Inc decides to purchase 200 acres of additional farmland

Long run macroeconomics focuses on economic growth and cyclical unemployment. True or False