Asked by Jerry Simmons on Jul 16, 2024
Verified
The effects of borrowing by the federal government would be studied by a microeconomist rather than a macroeconomist.
Microeconomist
a specialist who studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
Macroeconomist
An economist who specializes in understanding the large-scale or general economic factors that affect economies as a whole.
- Acquire knowledge of the variances between macroeconomics and microeconomics, including their specific scopes of research.
Verified Answer
BT
Bích Thanh Tr??ngJul 21, 2024
Final Answer :
False
Explanation :
The effects of borrowing by the federal government are typically studied by macroeconomists, as they deal with economy-wide phenomena such as national debt, overall economic policy, and the impacts on the national economy.
Learning Objectives
- Acquire knowledge of the variances between macroeconomics and microeconomics, including their specific scopes of research.