Which of the following questions involve microeconomics, and which involve macroeconomics? In each case, explain your answer.

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Which of the following questions involve microeconomics, and which involve macroeconomics? In each case, explain your answer.

a. Why did consumers switch to smaller cars in 2008?

b. Why did overall consumer spending slow down in 2008?

c. Why did the standard of living rise more rapidly in the first generation aer World War II than in the second?

d. Why have starting salaries for students with economics degrees risen sharply as of late?

e. What determines the choice between rail and road transportation?

f. Why did laptops get much cheaper between 2000 and 2017?

g. Why did inflation fall in the 2010s?

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Macroeconomics

ISBN: 9781319245269

6th Edition

Authors: Paul Krugman, Robin Wells

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