Download the App!
Get 24/7 study help with the Numerade app for iOS and Android! Enter your email for an invite.
Classify the following topics as relating to microeconomics or macroeconomics.a. a family's decision about how much income to saveb. the effect of government regulations on auto emissionsc. the impact of higher national saving on economic growthd. a firm's decision about how many workers to hiree. the relationship between the inflation rate and changes in the quantity of money
Solved by verified expert
This problem has been solved!
Try Numerade free for 7 days
Official textbook answer
Video by Yi Chun Lin
This textbook answer is only visible when subscribed! Please subscribe to view the answer
No Related Courses
Thinking Like an Economist
How Markets Work
December 9, 2021
Define Microeconomics and how it is different from Macroeconomics. From the following statements identify which is relating to microeconomics and which is relating to macroeconomics a. a family's decision about how much income to save b. the effect of go
September 1, 2021
Classify each of the following statements as positive or normative. Explain. a. Society faces a short-run trade-off between inflation and unemployment.
April 6, 2021
The market pizza has following demand and supply schedules
classify the following topics as relating to microeconomics or macroeconomics.
classify the following topics as relating to microeconomics or macroeconomics
March 9, 2021
classify the following statement as positive or normative? A. society faces a short run trade off between inflation and unemployment
January 8, 2021
Classify the following topics as relating to microeconomics or macroeconomic
December 26, 2020
i have no money
December 7, 2020
Society faces a short-run trade-off between inflation and unemployment.
October 30, 2020
what is the following topics as relating to microeconomics or macroeconomics
October 25, 2020
Classify the following top…
Classify the followin…
Classify each of the follo…
Applying Economic Concepts…
Briefly discuss the differ…
Indicate whether each of t…
Briefly explain whether ea…
Which of the following que…
okay. Questioned wife classified the following topics this relating to microeconomics or macroeconomics. So for this type of problem, Um, first of all, if you see some keywords like firms or families, it's, ah, mostly related to microeconomics because it is talking about individuals decision, like whether you're going to arm the syrup, affirm or your whether you're going to buy something and save your income. So these, like more like smaller scale off economic questions like related to individual decisions, are what microeconomics care about, so based talking about the family's decision about how much income to see. So this is a single family's decision, which is microeconomics and also de affirms decision about how many workers to hire. I'm so actually confirmed decision and the pricing theory are a huge part ofthe microeconomics. And so when you see a firm's decision or like about like how a firm is going to sit up the the the company and measuring the fixed costs or the marginal cost, these are all microeconomic customs. And for macro questions, it is easy to see that it's like a larger scale. It's like when government is trying to make a decision. For example, being how government should regulate on auto emissions and also liking the relationship between the inflation rate and quantity of money. This is something that the central bank, which is also part of the government that isthe considering every day this is a problem that isthe like nationwide and more related to policy and also see the impact of higher national savings. So national saving. When you see this term, you know that it has something to do with the government and are not nation as a whole. And also economic growth is a very broad topic that relates to government decision and also the policy site. So in conclusion, A. D R micro economic problems and B and C and e r macro economic problems.
View More Answers From This Book
Find Another Textbook
During the 1920s, the United States economy moved through which phase of the…
in human relations, the irritation threshold is the
Making Inferences Why do you think governments want to influence the supply …
The Wong family bought a $190,000 home in 2001. They obtained a mortgage loa…