Write TRUE if the statement is right and FALSE if it is wrong: _____ 4. Inflation is the same with interest rate when you determine their percentage rates. _____ 5. Economics is NOT an abstract science. _____ 6. The model supply and demand is use to assess the potential impact of changes in the price that you charge for products and services.

Write TRUE if the statement is right and FALSE if it is wrong: ___ 4. Inflation is the same with interest rate when you determine their percentage rates. _ 5. Economics is NOT an abstract science. ___ 6. The model supply and demand is use to assess the potential impact of changes in the price that you charge for products and services.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter7: Demand And Supply

Section: Chapter Questions

Problem 21AA

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