A decrease in net taxes at a given price level leads to

Microeconomics is most likely to be concerned with the:

A) economy as a whole. B) activity of large segments of the economy. C) economic behavior of specific parts or units of the economy. D) economy-wide trends in unemployment, prices, and production.

Rational expectations are more accurate than adaptive expectations, ________

A) on average B) always C) because they require less information D) except when policies have changed