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