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Which one of the following is true? Select one: Microeconomics describes what economic agents actually do, whereas macroeconomics describes what economic agents ought to do,
Which one of the following is true? Select one: Microeconomics describes what economic agents actually do, whereas macroeconomics describes what economic agents ought to do, b. Microeconomics is the study of an economy as a whole o. The study of the unemployment rate is covered under macroeconomics d. Macroeconomics studies how individuals make choices e. The study of the inflation rate is covered under microeconomicsBSIT (SEM-1) ECONOMICS Assignment 1 Q. Compare the characteristics of "The Command System" and "The Market System' on the basis of following five fundamental questions in Economics! I) What goods and services will be produced? 2) How will the goods and services be produced" 3) Who will get the goods and services? 4) How will the system accommodate change" 5) How will the system promote progress
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