Classify the following topics as relating to microeconomics or macroeconomics. Topic Microeconomics Macroeconomics The effect of a change in price of one good on a related good The effect of government subsidies on the agricultural industry The effect of minimum-wage law on unemployment The relationship between the inflation rate and the unemployment rate A firm's decision about whether to continue production or to shut down

Classify the following topics as relating to microeconomics or macroeconomics. Topic Microeconomics Macroeconomics The effect of a change in price of one good on a related good The effect of government subsidies on the agricultural industry The effect of minimum-wage law on unemployment The relationship between the inflation rate and the unemployment rate A firm's decision about whether to continue production or to shut down

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section: Chapter Questions

Problem 4SQP

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