Classify the following topics as relating to microeconomics or macroeconomics. Topic Microeconomics Macroeconomics The effect of a change in price of one good on a related good The effect of government subsidies on the agricultural industry The effect of minimum-wage law on unemployment The relationship between the inflation rate and the unemployment rate A firm's decision about whether to continue production or to shut down

Classify the following topics as relating to microeconomics or macroeconomics. Topic Microeconomics Macroeconomics The effect of a change in price of one good on a related good The effect of government subsidies on the agricultural industry The effect of minimum-wage law on unemployment The relationship between the inflation rate and the unemployment rate A firm's decision about whether to continue production or to shut down

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter18: Pricing The Factors Of Production

Section: Chapter Questions

Problem 4TY

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