Explanation Option (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. Option (b): The statement “The effect of government regulations on auto emissions” is related to micro economics. Generally, micro economics is the study of economics at an individual level where the government regulation is only for the auto emission. Option (c): The statement “The impact of higher national saving on economic growth ” is related to macro economics. Macroeconomics is the study of economy as a whole and it includes the topics such as inflation, unemployment and economic growth and so on...

Micro economic and macroeconomic statements.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN: 9781337091985

Author: N. Gregory Mankiw

Publisher: Cengage Learning

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Chapter 2, Problem 5PA

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Micro economic and macroeconomic statements.

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