Which of the Following Would Likely Be Studied by a Microeconomist

question 104

Multiple Choice

Which of the following would likely be studied by a microeconomist rather than a macroeconomist?

• A)The effect of a national healthcare program on the nation's unemployment rate
• B)The impact of minimum-wage laws on employment in the fast food industry
• C)A comparison of alternative tax policies and their respective impacts on the rate of the nation's economic growth
• D)The effect of a war on government spending

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Definitions:

Interest

A fee paid on borrowed assets, usually calculated as a percentage of the principal.

Federal Direct Unsubsidized Loan

A federal student loan where the borrower is responsible for paying all the interest, regardless of the loan's status.

Interest Rate

The percentage of a sum of money charged for its use, often expressed annually.

Minimum Payment Warning Box

Information on a credit card statement that explains the consequences of only making minimum payments.