EBK PRINCIPLES OF MICROECONOMICS
12th Edition
ISBN: 9780134069180
Author: Oster
Publisher: YUZU
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Chapter 1, Problem 2.2P
To determine
Micro economic and macro-economic statements.
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Analyze whether each of the following is primarily a microeconomic or a macroeconomic issue:
a) Setting the price for a cup of coffee.
b) Measuring the impact of tax policies on total household spending in the economy
Find one positive or one normative statement. Explain how you know they are either a positive or normative statement.
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