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Q. Principles of macroeconomics NYC Rent The rent for apartments in New York City has been raising sharply. Demand for apartments in New York City has been rising sharply as well. This is hard to explain because the law of demand says which higher prices should lead to lower demand. Do you agree or disagree? How is this going to involve prices in the marketplace for New York City? Create sure to provide appropriate economic terms in your answers. Respond to at least two of your classmates' postings.
Illustrate what is the purpose of macroeconomic models. Explain how a model of ice cream production can be used to explicate 50-fold income differences across countries.
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