Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics The effect of an increase in the money supply on the rate of inflation The effect of government regulation on a monopolist's production decisions The effects of government tax policy on long-term economic growth

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aparri1987 aparri1987

14-02-2022
Business

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Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics The effect of an increase in the money supply on the rate of inflation The effect of government regulation on a monopolist's production decisions The effects of government tax policy on long-term economic growth

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ogorwyne ogorwyne · Answer 1 · 2022-02-21T12:56:19+01:00

The effect of an increase in the money supply on the rate of inflation would be studied in Macro economics.

The effect of government regulation on a monopolist's production would be studied in Micro economics.

The effects of government tax policy on long-term economic growth would be studied in Macro economics.

What is Macroeconomics?

This is the branch of economics that is concerned with the study of the entire economy. It focuses on money supply, taxes and inflation and how it affects the economy.

What is microeconomics

This is the field that is concerned with individual businesses and the households in the economy.