Synoptic Flashcards
1
Q
State a Micro and Macro effect of a minimum wage
A
Increased costs for business, less internationally competitive.
2
Q
State a Micro and Macro effect of increased interest rates.
A
Firms profits decrease, AD will fall.
3
Q
State a Micro and Macro effect of reduced regulation.
A
Firms have lower costs, Increased LRAS
4
Q
State a Micro and Macro effect of
A
5
Q
State a Micro and Macro effect of
A
