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T2 - Macro Eco - 2 Dec 21
T2 - Macro Eco - 2 Dec 21
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Economists develop economic models to analyze real-world issues.
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ece,ve erv1ces.
The way we are most familiar with in the United States is that people
with higher incomes obtain more goods and services.
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A firm might have several different methods for producing its goods
and services.
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The Economic Problem That Every Society Must Solve
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The Economic Problem That Every Society Must Solve
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1croeconom1cs an acroeconom1cs
Microeconomics is the study of
• how households and firms make choices,
• how they interact in markets, and
• how the government attempts to influence their choices
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