Answer:
Determine whether each of the following is covered by microeconomics or macroeconomics.
a. What price to charge for an automobile : this is covered by microeconomics because it determines the demand and the supply of the sales of automobile
b. Measuring the impact of tax policies on total consumer spending in the
economy : This is covered by a macroeconomics because it has to do with a long term policy, there are so many things that would be employed to measure the impact of such policies over time
c. A household’s decision regarding how much to work each week: This is covered by a microeconomics because it has to do with applying opportunity forgone which makes the decision of the highest priority on top of list
d. Designing a government policy to increase total employment: It involves macroeconomics because of the volume and time impactation
Explanation:
