Question

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

Answer 1

Answer:

microeconomics

macroeconomics

macroeconomics

macroeconomics

microeconomics

microeconomics

Explanation:

Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.

Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources