Answer to Question #238939 in Macroeconomics for smur

Question

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

Answer 1

a). The statement “A family's call regarding what quantity financial gain to save” is expounded to small social science. Because, it's targeted on the saving habit of a family.

(b). The statement “The result of presidency rules on machine emissions” is expounded to small social science. Generally, small social science is that the study of social science at a personal level wherever the govt regulation is simply for the machine emission.

(c). The statement “The impact of upper national saving on economic growth” is expounded to macro social science. economics is that the study of economy as an entire and it includes the topics like inflation, state and economic process then on. That is, the national savings on economic process is one in all the macro level aspects.

(d) The statement “A firm's call regarding what percentage staff to hire” is expounded to small social science. as a result of it's solely a couple of explicit firm’s call.

(e) The statement “The relationship between the rate and changes within the amount of money” is expounded to economics. as a result of the subject inflation and state comes beneath economics topic.