Suppose a person pays $80 of annual interest on a loan that has a 5 percent annual interest rate. The loan amount is:

The problems of aggregate inflation and unemployment are:

A. major topics of macroeconomics. B. not relevant to the U.S. economy. C. major topics of microeconomics. D. peculiar to command economies.

The fact that when the price of a good goes down, people buy more of it is called

A) the law of supply. B) the law of demand. C) market equilibrium. D) ceteris paribus.