Classify the following as microeconomics or macroeconomics and provide a justification for your choice. (a) Research into why the growth rate of total production increased. (b) A theory of how consumers decide what to buy. (c) An analysis of IBM's share of the personal computer market. (d) Research on why interest rates in a country were unusually high.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter1: What Is Economics
Section1.1: The Basic Problem In Economics
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Classify the following as microeconomics or macroeconomics and provide a justification for your choice.

(a) Research into why the growth rate of total production increased.

(b) A theory of how consumers decide what to buy.

(c) An analysis of IBM's share of the personal computer market.

(d) Research on why interest rates in a country were unusually high.
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