Inflation is a microeconomic issue because it affects what households decide to buy.
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Q37: Graph 2-1 Q39: A normative statement describes what people usually Q41: An economist who says that all policy Q42: In constructing models, economists must: Q43: Economics differs from some of the natural Q44: Economic models: Q45: Sometimes economists who have the same positive Q82: Normative statements describe how the world is,
A)employ simplifying assumptions
B)include
A)are of limited use because they
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