Which of the following is not a macroeconomic statement?
A)The unemployment rate for the United States rose to 5 percent in the last quarter.
B)The Federal Reserve lowered interest rates at its last meeting.
C)Congress increased the minimum wage rate in January.
D)Jenny's wage rate rose,and in response,she decided to work more hours.

Question

Quizplus · Accepted Answer

This statement is a microeconomic statement because it is specific to one individual's decision regarding their own personal work choice. The other statements (A, B, and C) are macroeconomic statements because they pertain to the economy as a whole, such as national unemployment rates, actions of the Federal Reserve, and changes in government policy.

Which of the Following Is Not a Macroeconomic Statement