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Author Question: Why is microeconomic theory often referred to as price theory? What will be an ideal ... (Read 11 times)

fox

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on: Jun 29, 2018
Why is microeconomic theory often referred to as price theory?
 
  What will be an ideal response?

Question 2

Refer to Figure 15-14. In the figure above, suppose the economy in Year 1 is at point A and is expected in Year 2 to be at point B. Which of the following policies could the Federal Reserve use to move the economy to point C?
 
  A) increase the required-reserve ratio B) sell Treasury bills
  C) decrease income taxes D) buy Treasury bills


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heinisk01

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The reason is that much of microeconomic theory focuses on the factors which influence and determine prices.

Answer to Question 2

D


fox

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

robbielu01

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Reply 3 on: Yesterday
Wow, this really help

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