Which of the following is a Macroeconomics topic rather than a Microeconomics topic?

Question

BlackTom AI · Accepted Answer

Consider the scope of each topic in economics to distinguish macro from micro.
Option a: The effect of a cyclone on the price of bananas focuses on a specific good (bananas) and how a particular external shock alters its price in a market. This is a microeconomic concern about supply, demand, and price formation in a single market.
Option b: A decrease in average costs of production for Toyota is about the cost structure and efficiency of a specific firm within its industry. This is clearly microeconomics, which analyzes individual firm behavior and industry-level competition.
Option c: The effect of an increase in tax on the market for alcohol examines how a tax changes the equilibrium price and quantity in a particular market. That is a market-level microeconomic analysis of policy impact.
Option d: A smaller than average increase in the level of economic growth in Australia describes overall economic performance and growth trends of a country, which aggregate across the economy rather than focusing on a single market or firm. This fits the macroeconomic domain, which deals with national income, growth, unemployment, and inflation.
In summary, options a, b, and c address individual markets or firms (micro topics), while option d deals with national economic performance (macro), making it the macroeconomics topic.

Which of the following is a Macroeconomics topic rather than a Microeconomics topic?

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