Author Question: Inflation is defined as the sustained increase in relative prices. a. True b. False Indicate ... (Read 226 times)

dbose · **on:** Jun 30, 2018

Inflation is defined as the sustained increase in relative prices.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The branch of economics that studies the aggregate decisions of all households and all firms is called:
a. positive economics.
b. normative economics.
c. microeconomics.
d. macroeconomics.