Fill in the blanks below. Possible options are given in the parentheses after each blank. Note...

Fill in the blanks below. Possible options are given in the parentheses after each blank. Note that in order to get credits for this question, all your answers must be correct. There is no partial credit so as to discourage you from simply guessing the answers.

In general, macroeconomics tries to answer different questions than microeconomics. For example, "how much money out of a paycheck should Bob spend" is a question of (microeconomics, macroeconomics); "how should Lyft price its services" is a question of (microeconomics, macroeconomics); "how many people in the US became unemployed last month" is a question of (microeconomics, macroeconomics); and "how much tax break should the federal government give to poor families" is a question of (microeconomics, macroeconomics).

Expert Solution

1. Microeconomics (since it deals with just one individual)

2. Macroeconomics (since it deals with the entire company)

3. Macroeconomics (since it talks about the overall economy)

4. Macroeconomics (since it talks about the entire economy)

Rahul Sunny answered 2 years ago

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