Microeconomics is concerned with issues such as
A. The level of inflation in the economy.
B. The demand for bottled water by individuals.
C. Maintaining a strong level of economic growth.
D. All of the choices are correct.
Answer: B
Economics
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The mechanism behind the inflation insulation provided by a floating exchange rate is
A) Purchasing Power Parity. B) a fixed AA curve. C) market speculation. D) tight monetary policy. E) symmetry.
Economics
Total utility can be thought of as the
a. total satisfaction derived from a bundle of goods. b. minimum amount of money a consumer is willing to spend on a bundle of goods. c. additional satisfaction a consumer receives from the marginal unit of a good. d. willingness to pay for the marginal unit of a good.
Economics