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Classify the following under the heads micro and macro economics.

(a) Govt, regulations on auto emissions

(b) Price elasticity of refrigerators

(c) A family’s decision about how much income to save

(d) The impact of higher National Savings on Economic Growth.

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Best answer

a – Macroeconomics

b – Microeconomics

c – Microeconomics

d – Macroeconomics

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