Which is an illustration of a microeconomic question?
a. What is the current national rate of unemployment?
b. Is the production of goods and services in the economy greater this year than last year?
c. Is the economy experiencing a decline in the rate of inflation?
d. Will a new type of television set increase the number of buyers?
d. Will a new type of television set increase the number of buyers?
Economics
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Distinguish between a perfectly competitive firm and a monopolistically competitive firm on the basis of the long-run equilibrium price
What will be an ideal response?
Economics
A reduction in the rate of inflation is referred to as
A) disinflation. B) deflation. C) recession. D) unemployment.
Economics