Classify the following topics as relating to microeconomics or macroeconomics.
Question
Classify the following topics as relating to microeconomics or macroeconomics. – Q/A (Question and Answer)
Test Answer
1. A family’s decision about how much income to save. 2. The effect of government regulations on auto emissions. 3. The impact of higher national saving on economic growth. 4. A firm’s decision about how many workers to hire. 5. The relationship between the inflation rate and changes in the quantity of money.
Answer:
1. Microeconomics
2. Microeconomics
3. Macroeconomics
4. Microeconomics
5. Macroeconomics
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