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Vocabulary Flashcards

TermDefinition
statistics numerical data
microeconomics study of the behavior of individual players- such as individuals, families, and businesses- in an economy
macroeconomics study of the behavior of the economy as a whole; concerned with a large scale economic activity
positive economics describing and explains economics as it is
normative economics describes and explains what economic behavior ought to be, not what it actually is
Created by: shortbreadcookie
Popular Economics sets

 

 



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