Principles of Microeconomics, 7th Edition

Published by South-Western College
ISBN 10: 128516590X
ISBN 13: 978-1-28516-590-5

Chapter 2 - Part I - Thinking Like an Economist - Quick Check Multiple Choice: 5

Answer

d. the influence of the government budget deficit on economic growth

Work Step by Step

Microeconomics is the study of how households and firms make decisions and how they interact in specific markets. Therefore, microeconomics allows us to study the topics listed in a, b, and c, because each is concerned with how individual decisions interact specific market. On the other hand, the influence of the government budget deficit on economic growth is a macroeconomic topic that affects the economy as a whole.
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