Which is the BEST example of a microeconomic issue?
A) The Federal Reserve will raise interest rates this week.
B) The unemployment rate will exceed 6% this month.
C) The country's price level has increased over the last quarter.
D) The production of automobiles decreased last year.

Question

Quizplus · Accepted Answer

The production of automobiles decreasing last year is a microeconomic issue because it pertains to the production and supply of a specific good, rather than a macroeconomic issue such as national interest rates or inflation rates.

Which Is the BEST Example of a Microeconomic Issue