QUESTION 1 Which of the following is an example of a microeconomic issue? O The government passes legislation that aims to improve the economy. O The unemployment rate is approximately 4%. O Aretaller decides to hire 1,000 new employees in the United States as part of its expansion prográm O The central bank engages in policy aimed at reducing inflation QUESTION 2 Suppose a state aims to make it easier for people to purchase school supplies for children by exempting these purchases from sales taxes. Such progyams are often called "sales tax holidays." identify which of the following would be considered an unintended consequence of this policy An increase in prices by retailers expecting higher demand during the sales tax holiday. O An increase in purchanes just prior to and immediately following the sales tar holiday O A large increase in net sales. O Asteep decline in sales during the sales tax holiday.

QUESTION 1 Which of the following is an example of a microeconomic issue? O The government passes legislation that aims to improve the economy. O The unemployment rate is approximately 4%. O Aretaller decides to hire 1,000 new employees in the United States as part of its expansion prográm O The central bank engages in policy aimed at reducing inflation QUESTION 2 Suppose a state aims to make it easier for people to purchase school supplies for children by exempting these purchases from sales taxes. Such progyams are often called "sales tax holidays." identify which of the following would be considered an unintended consequence of this policy An increase in prices by retailers expecting higher demand during the sales tax holiday. O An increase in purchanes just prior to and immediately following the sales tar holiday O A large increase in net sales. O Asteep decline in sales during the sales tax holiday.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter4: Labor And Financial Markets

Section: Chapter Questions

Problem 31P: Table 4.6 shows the amount of savings and barrowing in a market for loans lo purchase homes,...

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