Question: Review Directions: For each question, write your answer in complete sentences. Use supporting details from the lesson to justify your answers. Do not copy and

Review Directions: For each question, write your answer in complete sentences. Use supporting details from the lesson to justify your answers. Do not copy and paste text but use your own words to demonstrate understanding of the lesson concepts. Remember to cite your resources. Citation examples are provided above the Review. Read the definitions of Microeconomics and Macroeconomics below. Then Indicate if each newspaper headline below deals with a microeconomics (micro) or a macroeconomics (macro) issue. A. Microeconomics is the branch of economics that deals with the behaviour of individuals, firms and households in decision making and resource allocation. Examples of microeconomics factors are supply and demand. B. Macroeconomics is the branch of economics concerned with large-scale or general economic factors, such as interest rates and national productivity. Indicate if each newspaper headline below deals with a microeconomics (micro) or a macroeconomics (macro) issue. A. Russia Devalues Currency Answer: B. Pepsi to Introduce a New flavor Answer: C. Red Cross Needs Blood Answer: D. Microsoft Still Tied-Up in Legal battle Answer: E. Federal Reserve Lowers Interest Rates Answer: F. Congress to Tackle Social Security Answer: G. Unemployment Reaches 20-Year Low Answer: H. Catholic Church Recruits More Priests Answer: I. Wal-Mart

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