Implicit assumptions from which theories evolve are known as

a. a paradigm.
b. biases.
c. stylized facts.
d. normative economics.

A

Economics

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Refer to the table above. If the market is perfectly competitive, the equilibrium price of calculators is:

A) $2. B) $6. C) $12. D) $20.

Economics

The inflation rate measures the average prices of goods and services in the economy

Indicate whether the statement is true or false

Economics