Question
In the following table, categorize each of the following examples as a topics in macroeconomics. Example The effect of government regulation on a monopolist's production decisions The effect of a large government's budget deficit on the economy's price level A consumer's optimal choice when buying a flat-screen TV
Answer
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Cara
Elite · Tutor for 8 years
Answer
### 1. The effect of government regulation on a monopolist's production decisions - Microeconomics2. The effect of a large government's budget deficit on the economy's price level - Macroeconomics3. A consumer's optimal choice when buying a flat-screen TV - Microeconomics
Explanation
## Step 1: Identify the scope of each example### Determine whether each example pertains to individual economic units (microeconomics) or the economy as a whole (macroeconomics).## Step 2: Categorize each example### Assign each example to either macroeconomics or microeconomics based on the identified scope.