classify the following statement as positive or normative? A. culture deals with a short run trade off between inflation and also unemployment




You are watching: Classify the following topics as relating to microeconomics or macroeconomics

Classify each of the complying with statements as positive or normative. Exordinary. a. Society encounters a short-run trade-off between inflation and unemployment.


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Video Transcript

okay. Questioned wife classified the adhering to topics this relating to microbusiness economics or macroeconomics. So for this kind of trouble, Um, initially of all, if you watch some keywords prefer firms or family members, it's, ah, mostly concerned microeconomics bereason it is talking about individuals decision, choose whether you're going to arm the syrup, affirm or your whether you're going to buy somepoint and also save your income. So these, like even more like smaller sized scale off financial inquiries prefer pertained to individual decisions, are what microbusiness economics treatment about, so based talking around the family's decision about just how much ininvolved watch. So this is a solitary family's decision, which is microeconomics and additionally de affirms decision about exactly how many type of employees to hire. I'm so actually confirmed decision and the pricing concept are a vast component ofthe microeconomics. And so when you view a firm's decision or choose around like exactly how a firm is going to sit up the the the agency and also measuring the solved expenses or the marginal price, these are all microeconomic customs. And for macro concerns, it is simple to watch that it's choose a bigger scale. It's prefer as soon as government is trying to make a decision. For example, being how government should regulate on auto eobjectives and also additionally liking the connection in between the inflation price and amount of money. This is something that the central financial institution, which is likewise component of the government that isthe considering eincredibly day this is a problem that isthe choose nationwide and also more concerned policy and also additionally see the affect of better national savings. So nationwide saving. When you view this term, you recognize that it has something to carry out via the government and are not country in its entirety. And additionally economic growth is a very wide topic that relates to government decision and also also the policy website. So in conclusion, A. D R micro economic difficulties and B and also C and also e r macro economic troubles.