1. Which of the following questions are relevant for the study of macroeconomics and which for microeconomics?
How will Ms. Martin’s tips change when a large manufacturing plant near the restaurant where she works closes?
What will happen to spending by consumers when the economy enters a downturn?
How will the price of oranges change when a late frost damages Florida’s orange groves?
How will wages at a manufacturing plant change when its workforce is unionized?
What will happen to U.S. exports as the dollar becomes less expensive in terms of other currencies?
What is the relationship between a nation’s unemployment rate and its inflation rate?