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4 Written Questions

4 Multiple Choice Questions

  1. a visual model of the economy that shows how dollars flow through markets among households and firms
  2. Claims that attempt prescribe how the world should be
  3. The resources the economy uses to produce goods and services
  4. A highly simplified representation of a more complicated reality

3 True/False Questions

  1. ActorsA highly simplified representation of a more complicated reality

          

  2. The market for goods and servicesStuff

          

  3. MacroeconomicsThe study of economy-wide phenomena, including inflation, unemployment, and economic growth

          

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