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Identify Whether the Following Issues Are Macroeconomic or Microeconomic and Explain

question 106

Essay

Identify whether the following issues are macroeconomic or microeconomic and explain why you categorized them in that way.
(A)The growth rate of real GDP
(B)A government policy that guarantees a minimum price of agricultural goods
(C)A tax on restaurant meals
(D)A government policy to affect the increase in the overall price level

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Definitions:

Interactive Pager

A pager designed for two-way communication. The pager screen displays a printed message and allows the physician to respond by way of a mini keyboard.

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Various categories or models of pagers, which are electronic devices used for sending or receiving messages.

TDD Device

Telecommunication device for the deaf; a device that allows individuals who are deaf or hard of hearing to communicate over the telephone through text.

Voicemail System

A digital communication system that records and stores voice messages for later retrieval.

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