Microeconomic models illustrate, amongst other things,

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    The trade-offs that consumers, workers and firms face and how government can help maximize their well being and profits.
     The trade-offs that consumers, workers and firms face and how these trade offs are best made in the marketplace.
     The trade-off between inflation and employment that exists in the economy.
     The trade-off between private and public investment that government faces when government raises taxes or sells bonds to finance deficit spending.
asked May 30, 2013 in Economics by anonymous
    

1 Answer

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The trade-offs that consumers, workers and firms face and how these trade offs are best made in the marketplace.
answered May 31, 2013 by Xyz ~Expert~ (3,650 points)



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