Individuals live and work in both individual and aggregate economic entities.
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Q1: The key characteristic of macroeconomics is the
Q2: Aggregation involves adding together different products and
Q4: Economic terms like "cost of living" and
Q5: GDP in 2015 would not include the
Q6: Gross domestic product represents the money value
Q7: Nominal GDP includes the current value of
Q8: From 2000 to 2001, the U.S.economy's annual
Q9: Economic aggregates are studied by microeconomists.
Q10: During economic fluctuations, individual markets usually move
Q11: An increase in aggregate demand will result
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