MATH 246 Quiz: Quiz 11 Solutions Fall 2009

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14 Mar 2019
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Two bonus points for getting your ta and section. Fill in the item from the list below that is most closely associated with each of the following 20 phrases. (some items may provide the answer to more than one question). Down the elevator" macroeconomic pattern that recurs around the world and throughout history. 12. ________________________a depiction of the maximum possible combinations of output an economy can produce, given available resources and current technology. 13. __________________________ a u. s. inflation index that allows for the fact that consumers change their mix of purchases over time: ___________________________economic analysis that makes judgements about what ought to be, __________________________the component that represents roughly 70% of. In country alpha, cigarette smoking is forbidden, so people trade cigarettes in a black market. Suppose that this leads suppliers to insist that they are paid twice as much for any given quantity of cigarettes they provide. No. of non-working adults not looking for work.