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ECON 101 /ECON Principles of Microeconomics Exam 1 study guide new Solution University of Iowa

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Course ECON 101
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ECON 101/ ECON Principles of Microeconomics Exam 1 study guide new Solution University of Iowa Microeconomics - the study of how households and firms make decisions and how they interact in markets Macroeconomics - the study of economywide phenomena, including inflation, unemployment, and economic growth Scarcity - the limited nature of society's resources

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