Who would be more likely to study the inflation rate in the United States, a macroeconomist or a microeconomist?

Comment on the following statement: "A decrease in supply will lead to an increase in the price which decreases demand, thus lowering price. Therefore, a decrease in supply has no effect on the price of a good."

What will be an ideal response?

One important reason why the United States government is not likely to go bankrupt even with a large public debt is that it has:

A. The power to print money to finance the debt B. A strong military to protect it from creditors C. The capacity to pay off its outstanding debt with gold D. The ability to decrease interest rates and increase investment spending