Question

01 Establish whether the following is a topic in macroeconomics or
microeconomics:
a) A consumer must decide how to reallocate spending as a result of a
10% increase in the price of food and no change in disposal income.
b) Purchases of durable goods fall as a result of deteriorating consumer
confidence.
c) Investment spending declines as a result of rising interest rates.
d) A firm contemplates the purchase of more technologically efficient
equipment as a result of a 20% increase in wages.
e) A cut in federal income taxes is expected to increase consumer
spending.