Activity 1(a) Actitivity 1a: Macro or micro? Concepts/factors/events The shortage of cars in the Australian market due to a lack of key resourcesMicro The decision by the government to increase the assistance provided to first home buyersMicro An increase in the inflation rate above the target of 2 to 3% on average.MACRO The increasing number of workers who are employed as casualsMACRO The decision by the government to halve the excise tax on petrol Micro A decision by the Russian Government to invade UkraineMACRO A decrease in the total volume of production due a droughtMACRO A decrease in the price of economics textbooksMicro The closure of a local bookshop due to increased competition from online sellersMicro An increase in the allocation of resources to the production of avocadoes due to their perceived health benefits. Micro The opening of new urgent care health clinicsMicro Next Page