Consider the statements. Indicate whether each statement falls mainly under the field of microeconomics or macroeconomics.
1. A tax on tires increases the price of tires Microeconomics Macroeconomics
paid by car owners.
2. As a result of a severe recession, the total
output gross domestic product of a nation falls
by 4%.
3. Increased consumer spending causes the
national unemployment rate to fall.
4. Increased consumer spending causes the rate
of rate of inflation to rise
5. Optimism about future car sales leads General
Motors to hire more auto workers.
6. Robotic technology reduces the demand for auto
workers.
Answers: 1
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