A recession has crippled the national economy,producing a high rate of unemployment.Which of the following would be a microeconomic decision?

Question

Quizplus · Accepted Answer

This is a microeconomic decision because it concerns an individual's personal finance and consumption, rather than a broad economic policy or action affecting the whole economy. The decision by the Congresswoman to delay the purchase of a new car will have a negligible impact on the overall economy, but may impact her own finances.

A Recession Has Crippled the National Economy,producing a High Rate