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1/8 Warm Up

Uncover the following terms listed below and provide an example of each one. I recommend you take a look at the online textbook (Unit 1, Chapter 1, Section 4). The textbook explains the concepts a lot better than a Google search.

Question 1

Short answer

What is Macroeconomics? Provide an example of a macroeconomic issue.

Question 2

Short answer

What is Microeconomics? Give an example of a microeconomic issue.

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