Identify Whether Each of the Following Topics Would Be Primarily

Essay

Identify whether each of the following topics would be primarily a concern of microeconomics or macroeconomics:
a. The decision by a household to eat in rather than go out for dinner this evening.
b. The unemployment rate increased from 4.5 to 4.8 percent.
c. A decision by the Bank of Canada to decrease the supply of money in the economy.
d. The general level of prices increased by 5 percent last year.
e. The price of bicycles increased by $30 last year.
f. The family restaurant chain closed down after losing much of its customer base to fast-food competitors over the last few years.