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Microeconomics or macroeconomics

Denote whether each of statements applies to microeconomics or macroeconomics:

a. In Canada, the unemployment rate was 7.0 percent in January 2005.

b. A Canadian software firm discharged 15 workers last month & transferred the work to another country.

c. In central Florida an unexpected freeze dropped the citrus crop and caused the price of oranges to rise.

d. Canadian output, adjusted for inflation, grew through 3.0 percent in the year of 2004.

e. Last week the Scotia Bank dropped its interest rate on business loans by one-half of 1 percentage point.

f. The consumer price index rose by 2.2 percent in the year of 2005.

E

Expert

Verified

Macroeconomics: (a), (d), and (f)

Microeconomics: (b), (c), and (e)

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