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What is Macroeconomics ?
Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes national, regional, and global economies.
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User: Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic.

User: Summarize microeconomics and macroeconomics principles.

User: What is Macroeconomics ?

Weegy: Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes national, regional, and global economies.
patmarone|Points 6077|

User: What are Microeconomics?

Weegy: Hi, how can I help you?
cimrie|Points 1569|

User: What are Microeconomics?

Weegy: Hi, how can I help you?
cimrie|Points 1569|

User: What is Microeconomics?

Weegy: Hi, how can I help you?
cimrie|Points 1569|

User: What are Microeconomics?





Weegy: Microeconomics. The branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households.
Expert answered|migzptz|Points 6508|

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Asked 8/31/2012 9:27:38 AM
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Indentify at least one shift of the supply curve and one shift of the demand curve in the simulation. What causes the shifts?
Weegy: The human rights- Viruses aren't living. They're only made of complex proteins and nucleic acids. Bacteria, Fungi and Parasites are living organisms. - Bacteria are unicellular microorganisms. [ [ Fungi and Parasites are multicellular (I think). - Fungi have cell walls made of chitin and they aren't animals. Parasites are animals. *Bacteria are also animals act ] ] (More)
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Asked 8/31/2012 9:56:19 AM
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Once you lower the rent to meet the econmie deman, how would that effect the equilibrium price?
Weegy: When consumers increase the quantity demanded at a given price, it is referred to as an increase in demand. Increased demand can be represented on the graph as the curve being shifted to the right. [ At each price point, a greater quantity is demanded, as from the initial curve D1 to the new curve D2. In the diagram, this raises the equilibrium price from P1 to the higher P2. This raises the equilibrium quantity from Q1 to the higher Q2. ... (More)
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Asked 9/2/2012 4:32:01 PM
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If there was a shift of the supply curve on lowering rent, what effect would it have on decision making?
Weegy: There would be increase in demand, which means decision making would be faster (More)
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Asked 9/2/2012 5:08:03 PM
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When decieding to lower the rent on a two bedroom apartment , explain how the price elasticity of demand affects a consumer’s purchasing and the firm’s pricing strategy.
Weegy: Price elasticity, or people?s sensitivity to price changes, affects the demand for products. Think about a pair of sweatpants with an elastic waist. [ [ You can stretch an elastic waistband like the one in sweatpants, but it?s much more difficult to stretch the waistband of a pair of dress slacks. Elasticity refers to the amount of stretch or change. For example, the waistband of sweatpants may stretch if you pull on it. Similarly, the ... (More)
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Asked 9/3/2012 6:06:00 PM
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How can the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity? User: How can the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity? User: When decieding to lower a two bedroom apartment rent, explain how the price elasticity of demand affects a consumer’s purchasing and the firm’s pricing strategy.
Weegy: Price elasticity, or people’s sensitivity to price changes, affects the demand for products. Think about a pair of sweatpants with an elastic waist. [ You can stretch an elastic waistband like the one in sweatpants, but it’s much more difficult to stretch the waistband of a pair of dress slacks. Elasticity refers to the amount of stretch or change. For example, the waistband of sweatpants may stretch if you pull on it. Similarly, the ... (More)
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Asked 9/3/2012 5:49:16 PM
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