Indicate whether each of the following statements applies to microeconomics or macroeconomics:a. The unemployment rate in the United States was 4.9 percent in January 2008.b. A U.S. software fifirm discharged 15 workers last month and transferred the work to India.c. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise.d. U.S. output, adjusted for inflflation, grew by 2.2 percent in 2007.e. Last week Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point.f. The consumer price index rose by 2.8 percent in 2007.
Indicate whether each of the following statements applies to microeconomics or macroeconomics:a. The unemployment rate in the United States was 4.9 percent in January 2008.b. A U.S. software fifirm discharged 15 workers last month and transferred the work to India.c. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise.d. U.S. output, adjusted for inflflation, grew by 2.2 percent in 2007.e. Last week Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point.f. The consumer price index rose by 2.8 percent in 2007.
Chapter1: The Role And Method Of Economics
Section: Chapter Questions
Problem 4P
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Indicate whether each of the following statements applies to
a. The
b. A U.S. software fifirm discharged 15 workers last month and transferred the work to India.
c. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise.
d. U.S. output, adjusted for inflflation, grew by 2.2 percent in 2007.
e. Last week Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point.
f. The
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