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KSU ECON 1000 EXAM 1 QUESTIONS & ANSWERS 2024/2025 The analysis of aggregate decision-making and outcomes for society as a whole is known as: - ANSWERSMacroeconomics Identify the positive economic statement(s) below. - ANSWERSIf you raise the price of gas, people will buy less gas. *Prediction is the hallmark of positive economics.* In order to make predictions, economists generally assume that individuals are: - ANSWERSRational and self-interested. The condition that human want...

KSU ECON 1000 Contemporary Economic Issues exam study guide notes Kennesaw State University 2024