A friend wants to learn how the unemployment rate is calculated and how inflation is measured. He asks you which economics course to take and you advise him to enroll in
A) macroeconomics.
B) microeconomics.
C) either micro- or macroeconomics. They both concentrate equally on those issues.
D) financial accounting because economics doesn't address those topics in its courses.
A
Economics
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Consumer sovereignty is mainly applicable to ______ economies.
a. traditional b. centralized c. command d. market
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Suppose Bob withdraws money from his savings account and deposits it into his checking account. What happens to M1?
A. It decreases. B. It increases. C. It stays the same. D. The effect is unknown.
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