Microeconomics approaches the study of economics from the viewpoint of:
A. inflation, unemployment, and economic growth.
B. the federal government.
C. individual economic units, such as consumers, firms, industries, and units of government.
D. the economy as a whole.
Answer: C
Economics
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An increase in the money supply will decrease both interest rates and exchange rates.
a. true b. false
Economics
The current price of canvas messenger bags is $36 each and sales of the bags equal 400 per week. If the price elasticity of demand is -2.5 and the price changes to $44, how many messenger bags will be sold per week? Use the midpoint formula
What will be an ideal response?
Economics