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Hello everyone and welcome.
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This question involves us looking at things from a micro and a macro point of view.
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So before we actually get into the question, let's take a look at the differences between two.
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So a micro economist, economist, and macro, economist, economist, well, let's take a look at their names.
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Micro involves small.
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So in microeconomists and microecon, what you're looking at is a small piece of the puzzle.
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In other words, you zoom in to a particular industry, a business, a very small part of the bigger picture.
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And as you might have guessed, in macroeconomics, you're looking at it from a holistic point of view.
01:18
So this could include looking at it from a country, governments, you know, the world, etc.
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So these are the two main differences between the two.
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So let's take a look at our options.
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So for option a, we have the effect of rising, oh no, wrong one, the effect of borrowing by the federal government on the inflation rate...