The mechanism of supply and demand is
a. a fundamental tool in both microeconomics and macroeconomics.
b. the only real "law" of economics.
c. a fundamental tool only in microeconomics.
d. a fundamental tool only in macroeconomics.
a
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Refer to Figure 17-2. The nonaccelerating inflation rate of unemployment, or NAIRU, is associated with which point rate in the figure above?
A) A B) B C) C D) all of the above
Inflation can be measured using either the GDP deflator or the consumer price index
a. True b. False Indicate whether the statement is true or false
Explain why the decoding of the human genome has interesting implications for the life insurance industry.
What will be an ideal response?
Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. 
Figure 8.8 Refer to Figure 8.8. If this farmer is producing the profit-maximizing level of output, her profit is
A. $0. B. $2,800. C. $3,000. D. $12,000.