Think about the following news items. Which items involve a microeconomic issue and which involve a macroeconomic issue? A. Manufacturing production rises for sixth straight month B.U.S. economy adds 227,000 jobs in January C. U.S. inflation expectations at highest level since 2015 D. Pay to rise for millions as minimum wage rises Statement A involves a __ issue. Statement B involves a __ issue. D. micro; macro Statement C involves a __ issue. Statement D involves a __ issue. A. macro; macro B. micro; macro C. macro; micro D. micro; micro

## Step 1<br />Microeconomic issues are those that affect individual sectors or groups of the economy. These issues are usually related to the production, distribution, and consumption of goods and services. They focus on the behavior of individual economic agents such as households, firms, and markets.<br /><br />## Step 2<br />Macroeconomic issues, on the other hand, are those that affect the economy as a whole. These issues are related to the overall performance of the economy, including factors such as inflation, unemployment, and economic growth.<br /><br />## Step 3<br />Statement A, "Manufacturing production rises for sixth straight month", is a macroeconomic issue because it pertains to the overall production in the economy, which is a broad measure of economic activity.<br /><br />## Step 4<br />Statement B, "U.S. economy adds 227,000 jobs in January", is also a macroeconomic issue because it relates to the overall employment situation in the economy, which is a broad measure of economic activity.<br /><br />## Step 5<br />Statement C, "U.S. inflation expectations at highest level since 2015", is a macroeconomic issue because it pertains to the overall inflation rate in the economy, which is a broad measure of economic activity.<br /><br />## Step 6<br />Statement D, "Pay to rise for millions as minimum wage rises", is a microeconomic issue because it pertains to the wages of individual workers, which is a specific aspect of the economy.