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How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources

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  • Post Date 2018-11-06T10:59:17+00:00
  • Post Category Assignment

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How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources

  • How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources
  • Using the circular flow model, explain the flow of money and goods in an economy.
  • How the economy coordinates society’s independent economic actors
  • A country’s gross domestic product (GDP) and how it is defined and calculated
  • How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living

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