A sustained increase in the general level of prices is defined as
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inflation
What is NOT one of the uses of macroeconomic data?
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Analyze a business's profitability
What statement represents positive economic analysis?
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Unemployment is slightly above 6%.
When a nation experiences small changes in the annual rate of economic growth
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can result in a substantial increase in the size of the economy over time
What s the first step in developing and testing an economic theory?
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State the research question
What type of statement is an economist making If they state that the "wealthy need to
pay their fair share?"
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inflation
What is NOT one of the uses of macroeconomic data?
, Give this one a try later!
Analyze a business's profitability
What statement represents positive economic analysis?
Give this one a try later!
Unemployment is slightly above 6%.
When a nation experiences small changes in the annual rate of economic growth
Give this one a try later!
can result in a substantial increase in the size of the economy over time
What s the first step in developing and testing an economic theory?
Give this one a try later!
State the research question
What type of statement is an economist making If they state that the "wealthy need to
pay their fair share?"
Give this one a try later!
