Which of the following is an example of a macroeconomic question?
Choose 1 answer:
(A) How will a consumer react if their income decreases?
(B) How many smartphones should Samsung produce this quarter?
(c) What would be the likely impact of an increase in business taxes on the overall level of inflation in the country?
(D) What is the optimal number of workers for an ice cream shop to employ during the summer months?
(E) Who are the winners and losers from the imposition of a tax on cigarettes?

Question

Accepted Answer

Sure, let's analyze the given question and answer choices from a macroeconomic perspective. ∻Solution∻ ‖ a ⋮ Definition of Macroeconomics: Macroeconomics deals with the performance, structure, and behavior of an economy as a whole. It focuses on broad issues such as national income, inflation, unemployment, and economic growth. ‖ ‖ b ⋮ Analysis of Answer Choices: - (A) How will a consumer react if their income decreases? ⋮ This is a microeconomic question as it focuses on individual consumer behavior. - (B) How many smartphones should Samsung produce this quarter? ⋮ This is a microeconomic question as it deals with a single firm's production decision. - (C) What would be the likely impact of an increase in business taxes on the overall level of inflation in the country? ⋮ This is a macroeconomic question as it deals with the overall economy and inflation. - (D) What is the optimal number of workers for an ice cream shop to employ during the summer months? ⋮ This is a microeconomic question as it focuses on a single business's employment decision. - (E) Who are the winners and losers from the imposition of a tax on cigarettes? ⋮ This can be both micro and macro, but it leans more towards microeconomics as it focuses on specific groups. ‖ ∻Answer∻ ⚹ (C) What would be the likely impact of an increase in business taxes on the overall level of inflation in the country? ⚹ ∻Key Concept∻ ⚹ Macroeconomic Question ⚹ ∻Explanation∻ ⚹ The question about the impact of an increase in business taxes on the overall level of inflation in the country is a macroeconomic question because it deals with the broader economic issue of inflation, which affects the entire economy. ⚹◊What impact would an increase in business taxes have on the overall level of inflation in the country?⍭ Generate me a similar question◊

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