Multiple Choice
Which of the following areas of study typifies microeconomics as opposed to macroeconomics?
A) the impact of minimum-wage laws on employment in the fast food industry
B) the effect of changes in household saving rates on the growth rate of national income
C) the impact of faster money growth on the rate of inflation
D) a comparison of alternative tax policies and their respective impacts on the rate of the nation's economic growth
Correct Answer:
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