The reflects the ups and downs of the nation’s real gdp.
a. business cycle
b. inflation rate
c. consumer price index
d. unemployment rate

What do economists mean when they use the latin expression ceteris paribus?

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase