This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Is inflation a macroeconomic or a microeconomic question? Why? What will be an ideal ... (Read 98 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
on: Jun 29, 2018
Is inflation a macroeconomic or a microeconomic question? Why?
 
  What will be an ideal response?

Question 2

The fact that when the price of a good goes up, people buy less of it is known as the
 
  A) law of supply.
  B) law of demand.
  C) concept of market equilibrium.
  D) need for inferior goods.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macybarnes

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 29, 2018
Answer to Question 1

Inflation is a macroeconomic question because it deals with an economy-wide phenomenon. The price increase of a specific product, such as gasoline, would be a microeconomic matter. Since inflation deals with prices in the economy as a whole, it is a macroeconomic concern.

Answer to Question 2

B


penguins

  • Member
  • Posts: 903
Reply 2 on: Jun 29, 2018
Wow, this really help

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Operations Management question Operations Management question
How to set up and solve linear models (Question 3) How to set up and solve linear models (Question 3)
How to solve a word problem involving trigonometric models (Question 1) How to solve a word problem involving trigonometric models (Question 1)
need help with these question please need help with these question please
economic question economic question
chem question chem question
Video: Optic Nerve and Optic Disk Animation (Part 1 of 2)

For a complete list of videos, visit our video library