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 resources Micro The decision by the government to increase the assistance provided to first home Micro buyers MACRO An increase in the inflation rate above the target of 2 to 3% on average over time MACRO The increasing number of workers who are employed as casuals Micro A decision by the government to halve the excise tax on petrol MACRO A decision by the Russian Government to invade Ukraine MACRO A decrease in the total volume of production due to floods on the east coast Micro A decrease in the price of Economics textbooks Micro The closure of a local bookshop due to increased competition from online sellers Micro An increase in the allocation of resources to the production of avocadoes due to their Micro Next Page