(a)
Whether rapid growth of Twitter is studied by a microeconomist or a macroeconomist.
Explanation of Solution
Twitter is a social media firm. Thus, the study of the growth of Twitter will be done by a microeconomist as the study of an individual firm.
(b)
Whether a fall in
Explanation of Solution
Unemployment is an issue of the entire economy as a fall in unemployment in the United States from 2010 to 2018 is a vast economic issue. It will be studied by a macroeconomist.
(c)
Whether the comparison of
Explanation of Solution
Economic growth refers to the rise in
(d)
Whether the growth of health care costs is studied by a microeconomist or a macroeconomist.
Explanation of Solution
An economy comprises three sectors namely primary secondary and tertiary. The tertiary sector further includes other sectors such as health, education, insurance, banking, etc.
The study of the growth of health care costs will be studied by a macroeconomist.
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Chapter 5 Solutions
MACROECONOMICS
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- The Consumer Price Index... Group of answer choices Measures the change in the cost of living for a typical US household Measures the change in all prices of final products in the macroeconomy Measures the change in all inputs of production in the macroeconomy Measures the change in energy and food prices in the macroeconomyarrow_forwardWhat is this business cycle all about in Macroeconomics? 1. Consumers/households 2. Business/Enterprises 3. Employees 4. Governmentarrow_forwardi NEED HELP I KEEP GETTING THIS WRONG MACROECONMICS QUESTION 1arrow_forward
Macroeconomics: Principles and Policy (MindTap Co...EconomicsISBN:9781305280601Author:William J. Baumol, Alan S. BlinderPublisher:Cengage Learning