If a Macroeconomist Aggregates Many Markets into One, Then

question 165

Multiple Choice

If a macroeconomist aggregates many markets into one, then

• A)individual market differences are eliminated.
• B)one must not confuse ravioli and hotdogs.
• C)she is performing a meaningless exercise.
• D)differences between products must still be noted.

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Definitions:

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Something that has been directly observed to be true and thus has been proven to be true.

Inference

Conclusion based on speculation.

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