Multiple Choice
In macroeconomic analysis,the representative consumer
A) denotes the consumer with the average amount of income.
B) plays the role of a stand-in for all consumers in the economy.
C) is the consumer who bargains with firms for all workers in the economy.
D) is always a misleading fiction.
E) is the consumer with an average standard of living.
Correct Answer:
Verified
Correct Answer:
Verified
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