Economy, asked by cgyekye111, 2 months ago

i. Classify the following issues as relating to microeconomics or macroeconomics.
a) a family’s decision about how much income to save
b) the effect of government regulations on automobile emissions
c) the impact of higher national savings on economic growth
d) a firm’s decision about how many workers to hire
ii. Classify each of the following statements as positive or normative.
a) Society faces a short-run trade-off between inflation and unemployment.
b) A reduction in the rate of money growth will reduce the rate of inflation.
c) Society ought to require welfare recipients to look for jobs.
d) Lower tax rates encourage more work and more saving.

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Answered by shanmukhachintu1
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Answer:

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