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There are 3 causes for inflation. Aside from the aforementioned things, macroeconomics also requires the consideration of inflation. Likewise a declining economy can cause deflation, or a rapid drop in prices.

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Regarding microeconomics, it would be a good idea to take into account how changing demands help determine the operation of small businesses, or to think about precisely how various factors of supply affect businesses and individual households. You could concentrate on no more than one market structure and talk about its advantages and disadvantages or you could do a thorough comparison of over 1 market structure. Therefore, there’s an optimal level for revenue, that’s the point at which demand is engineering.purdue.edu unitelastic.

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