The impact of higher taxes would be examined by
A) a microeconomist.
B) a macroeconomist.
C) both a macroeconomist and a microeconomist.
D) neither a macroeconomist nor a microeconomist.

Question

Quizplus · Accepted Answer

Higher taxes would have both macroeconomic and microeconomic impacts. Macro economists would examine the impact of higher taxes on overall economic growth, inflation, employment, and the government budget deficit, while micro economists would investigate the impact of higher taxes on individual consumers, firms, and markets. Therefore, both a macro economist and a micro economist would examine the impact of higher taxes.

The Impact of Higher Taxes Would Be Examined by