Indicate whether each of the following hypothetical statements applies to microeconomics or macroeconomics: 1.1 The elementary...

Indicate whether each of the following hypothetical statements applies to microeconomics or macroeconomics:
1.1 The elementary teachers in the province of Quebec went on strike in December 2019.
1.2 Bank of Montreal hired 25 new workers in October 2019.
1.3 An unexpected freeze in Oxford, NOva Scotia reduced the amount of blueberries production and caused the price of blueberries to rise in 2019.
1.4 The average inflation rate in Canada was approximately 2.6 percent in 2019.

Solutions

Expert Solution

1.1 The elementary teachers in the province of Quebec went on strike in December 2019 : Applies to Microeconomics

1.2 Bank of Montreal hired 25 new workers in October 2019 : Applies to Microeconomics

1.3 An unexpected freeze in Oxford, NOva Scotia reduced the amount of blueberries production and caused the price of blueberries to rise in 2019 : Applies to Macroeconomics

1.4 The average inflation rate in Canada was approximately 2.6 percent in 2019 : Applies to Macroeconomics

Rahul Sunny answered 2 years ago

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