Question

Which of the following is/are correct regarding the distinction between macroeconomics and microeconomics?
a) the price of apples at the supper market is an example of a macroeconomic variable
b)an increase in general price level (inflation) in an example of a macroeconomic variable

Answer 1

a) is wrong

b) is correct

a) the price of apples at the supermarket is an example of a microeconomic variable because is it an agreed decision of the manager of the supermarket