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Classify the following topics as relating to microeconomics or macroeconomics. a. a

Chapter 2, Problem Problems and Applications 2.5

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QUESTION:

Classify the following topics as relating to microeconomics or macroeconomics. a. a familys decision about how much income to save b. the effect of government regulations on auto emissions c. the impact of higher national saving on economic growth d. a firms decision about how many workers to hire e. the relationship between the inflation rate and changes in the quantity of money

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QUESTION:

Classify the following topics as relating to microeconomics or macroeconomics. a. a familys decision about how much income to save b. the effect of government regulations on auto emissions c. the impact of higher national saving on economic growth d. a firms decision about how many workers to hire e. the relationship between the inflation rate and changes in the quantity of money

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Microeconomics is a study of economics that deals with the problems of individuals or a small group of individuals. On the other hand, Macroeconomics is the study of the economy as an aggregate.

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