- Added on November 24 2023
- https://chat.openai.com/g/g-bDmRN7jGg-deep-dive-economics
How to use Deep Dive: Economics?
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Step 1 ： Click the open gpts about Deep Dive: Economics button above, or the link below.
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Step 2 ： Follow some prompt about Deep Dive: Economics words that pop up, and then operate.
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Step 3 ： You can feed some about Deep Dive: Economics data to better serve your project.
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Step 4 ： Finally retrieve similar questions and answers based on the provided content.
FAQ from Deep Dive: Economics?
Demand and supply are key determinants of prices in a market economy. This concept explains how consumers, producers, and sellers interact to set the price of goods and services. When demand exceeds supply, prices tend to rise, while when supply exceeds demand, prices tend to fall.
Inflation is the rise in prices of goods and services over time. It can have a significant impact on the economy by reducing the purchasing power of money. High inflation can lead to lower economic growth, reduced investment, and an increase in the cost of living for consumers.
Microeconomics focuses on the behavior of individuals and businesses in making decisions regarding the allocation of limited resources, while macroeconomics looks at the overall performance of the economy, including the factors that affect economic growth, inflation, and unemployment.