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- Classify the following as microeconomics or macroeconomics and provide a justification for your response. A comparison of alternative tax policies and their respective impacts on the rate of the nation’s economic growth The decision by McDonald’s to hire fewer workers because of an increase in the minimum wage. Susan’s decision about how much income to save The central bank announces that it is increasing the discount rate in an effort to slow the rate of inflation. Question 2 A snowboard company currently hires 10 skilled employees who are paid a weekly wage of $1,000.00. the cost of capital is $3000 and it is fixed, which means that it does not vary with output. The company is currently producing 240 snowboards. The company’s cost will be $13,500 if it produces an additional snowboard. A customer is willing to pay $550 for the 241st snowboard. Should the company produce and sell it? Timothy quits his job which pays $84000 a year, to enrol in a 2-year…Classify the following topics as relating to microeconomics or macroeconomics. a family’s decision about how much income to save the effect of government regulations on auto emissions the impact of higher national saving on economic growth a firm’s decision about how many workers to hire the relationship between the inflation rate and changes in the quantity of moneyThe study of macroeconomics covers these economic problems except________. a. Changing behavior of individual consumers b. Growth of population c. Controlling unemployment d. Increasing price levels
- Classify the following topics as relating to microeconomics or macroeconomics. a family’s decision about how much income to save the effect of government regulations on auto emissions the impact of higher national saving on economic growth a firm’s decision about how many workers to hire e. the relationship between the inflation rate and changes in the quantity of money.Intermediate macroeconomics: Using examples and clearly labeled graphs where applicable answer the following questions clearly and detailed. What argument, based on macroeconomic theory, might a government use to justify shutting down a newspaper critical of its policies? If you were asked to provide a counterargument, what would it be? Explain.Which of the following is not related to Macroeconomics? a. Determining individual consumer decisions b. Preventing the economy from experiencing inflation c. Preventing the economy from experiencing unemployment d. Keeping living standards high for people to live decent, meaningful lives
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