Measured in 2014 dollars, real GDP per person in the United States in 2014 was about

Which of the following conditions must be TRUE so that a firm can profitably price discriminate?

A) The firm must be able to identify individual or groups of consumers with different demand curves. B) The firm must be able to identify how its consumers' demand curves differ. C) The good cannot be easily resold. D) All of the above.

Which procedure seems to be most useful to structure a macroeconomic analysis?

a. (1) Describe the economic setting in the three key markets; (2) Analyze the chain reaction of economic causes and effects; (3) Identify the economic shock. b. (1) Analyze the chain reaction of economic causes and effects; (2) Identify the economic shock; (3) Describe the economic setting in the three key markets. c. (1) Identify the economic shock; (2) Analyze the chain reaction of economic causes and effects; (3) Describe the economic setting in the three key markets. d. (1) Identify the economic shock; (2) Describe the economic setting in the three key markets; (3) Analyze the chain reaction of economic causes and effects. e. (1) Describe the economic setting in the three key markets; (2) Identify the economic shock; (3) Analyze the chain reaction of economic causes and effects.