Relating to microeconomics or macroeconomics

Assignment Help Business Economics

Reference no: EM13732352

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.

Reference no: EM13732352

Questions Cloud

What is the no-trade relative price of cars in Foreign : Suppose that each worker in the Foreign country can produce two cars or three TVs. Assume that Foreign also has four workers. Graph the production possibilities frontier for the Foreign country. What is the no-trade relative price of cars in Foreign?

What is the no-trade relative price of cars at home : Suppose that each worker in the Home country can produce three cars or two TVs. Assume that Home has four workers. Graph the production possibilities frontier for the Home country. What is the no-trade relative price of cars at Home?

Short-run trade-off between inflation and unemployment : Classify each of the following statements as positive or normative. Explain. Society faces a short-run trade-off between inflation and unemployment. a reduction in the rate of money growth will reduce the rate of inflation. The Federal Reserve should..

Gambles in which the probability of events : Oskar's preferences over gambles in which the probability of events 1 and 2 are both 1/2 can be represented by the von Neuman-Morgenstern utility function 0.5x5 + 0.5y5 where x is his consumption if event 1 happens and y is his consumption if event 2..

Relating to microeconomics or macroeconomics : Classify the following topics as relating to microeconomics or macroeconomics?

What is his substitution price elasticity : Ernest's income elasticity of demand for natural gas is 0.4. His price elasticity of demand for natural gas is -0.3, and he spends 10% of his income on natural gas. What is his substitution price elasticity?

National saving increase or decrease : Suppose the multiplier is 3, the marginal tax rate is 20%, and the marginal propensity to consume out of disposable income is 0.9. If government spending increases by $10 billion, then would national saving increase or decrease, and by how much?

Charge of development for a developing country : Imagine you are in charge of development for a developing country and were approached by a multinational corporation interested in locating in your country. Identify some of the benefits and some of the costs to the host country from allowing a multi..

Characteristics of a perfectly competitive market : Why are many online service markets likely to be perfectly competitive? Recently, competitors of Plug and Play have been opening their own shared- workspace centers. Does the market for shared workspace likely possess characteristics of a perfectly c..

User Account

All Pages