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Macroeconomics 3e By Karlan
Chapter 01 - Economics and Life 
1-1 
© 2021 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any 
manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part. 
CHAPTER 1 
ECONOMICS AND LIFE 
Solutions to End-of-Chapter Questions and Problems 
Review Questions 
1. Suppose you are shopping for new clothes to wear to job interviews, but you’r...
- Exam (elaborations)
- • 323 pages •
Chapter 01 - Economics and Life 
1-1 
© 2021 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any 
manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part. 
CHAPTER 1 
ECONOMICS AND LIFE 
Solutions to End-of-Chapter Questions and Problems 
Review Questions 
1. Suppose you are shopping for new clothes to wear to job interviews, but you’r...
Macroeconomics 3e By Karlan
Chapter 01 - Economics and Life 
1-1 
© 2021 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any 
manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part. 
CHAPTER 1 
ECONOMICS AND LIFE 
Solutions to End-of-Chapter Questions and Problems 
Review Questions 
1. Suppose you are shopping for new clothes to wear to job interviews, but you’r...
- Exam (elaborations)
- • 323 pages •
Chapter 01 - Economics and Life 
1-1 
© 2021 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any 
manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part. 
CHAPTER 1 
ECONOMICS AND LIFE 
Solutions to End-of-Chapter Questions and Problems 
Review Questions 
1. Suppose you are shopping for new clothes to wear to job interviews, but you’r...