A microeconomist - as opposed to a macroeconomist - might study
A)the effect of a national healthcare program on the nation's unemployment rate.
B)the effect of new regulations on production in the pulp and paper industry.
C)the effect of changes in interest rates on gross domestic product.
D)the growth rate of production in the economy.

Question

Quizplus · Accepted Answer

A microeconomist typically studies the behavior and decisions of individual firms, households, and markets, rather than the economy as a whole. Therefore, studying the effect of new regulations on production in a specific industry falls under the realm of microeconomics. The other options involve analyzing the economy as a whole or studying the impact of macro-level policies, which are typically the focus of macroeconomics.

A Microeconomist - as Opposed to a Macroeconomist - Might