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

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Asked Sep 27, 2019
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Classify the following topics as relating to microeconomics or macroeconomics.

a. a family's 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 firm's 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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Expert Answer

Step 1

(a). Micro economics.

(b). Micro economics.

(c). Macro economics.

(d). Micro economics.

(e). Macro economics.

Step 2

(a). The statement “A family's decision about how much income to save” is related to micro economics. Because, it is focused on the saving habit of a family. 

Step 3

(b). The statement “The effect of government regulations on auto emissions” is related to micro economics. Generally, micro...

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