Problem
1. You probably use "aggregates" frequently in everyday discussions. Try to think of some examples. (Here is one: Have you ever said, "The students at this college generally think . . ."? What, precisely, did you mean?)
2. Try asking a friend who has not studied economics in which year he or she thinks prices were higher: 1870 or 1900? 1920 or 1940? (In both cases, prices were higher in the earlier year.) Most young people think that prices have always risen. Why do you think they have this opinion?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.