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 savings 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

The topics related to microeconomics are a,b and d while the ones related to macroeconomics are c and e