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economics is the study of
a. production technology
b. consumption decisions
c. how society decides what, how, and for whom to produce
d. the best way to run society

the law of demand states that as price demand
a. goes up; goes down
b. goes up; goes up
c. goes down; goes down
d. goes down; stays the same

macroeconomics is the study of
a. individual building blocks in the economy
b. the relationship between different sectors of the economy
c. household purchase decisions
d. the economy as a whole