Economists use ____ economic analysis to understand an individual market. They then use ____ economic analysis to guide future national economic policy

The natural rate hypothesis states that

A) it is natural for the unemployment rate to be less than the natural unemployment rate. B) changes in the inflation rate temporarily change the natural unemployment rate. C) it is natural for the unemployment rate to exceed the inflation rate. D) only natural economic policies can bring a permanent reduction in the unemployment rate. E) changes in the inflation rate temporarily change the unemployment rate.

If the price of Big Mac is $3.61 in the U.S. and 3.405 € in France, and PPP holds, what is the value of the euro in dollars that is implied by The Economist magazine's Big Mac index?

A) $1.060 B) $0.943 C) $1.943 D) None of the above.