Question

Which of the following statements is correct?

a) Macroeconomists would be more likely to study inflation, and microeconomists would be more likely to study rent control in New York City.
b) Microeconomists would be more likely to study inflation, and macroeconomists would be more likely to study rent control in New York City.
c) Macroeconomists would be more likely than microeconomists to study both inflation and rent control in New York City.
d) Microeconomists would be more likely than macroeconomists to study both inflation and rent control in New York City.

Answer 1

a) Macroeconomists would be more likely to study inflation, and microeconomists would be more likely to study rent control in New York City.

Step-by-step explanation:

Macroeconomists would be more likely to focus on inflation because it is a large change that would affect the economy as a whole directly.

Microeconomists would be more likely to focus of rent control because while that may affect the economy as a whole, it would do so indirectly by affecting a small portion of the economy.