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So here we have to distinguish between micro and macro in the context of three possible sort of newspaper headlines, for lack of a better word.
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Micro is the study of economics where only one market or a small fraction of the economy is affected, while macro is the study of markets and economic phenomena that affect the entire economy.
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So the first one is the effect of federal government spending on the national employment rate.
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Federal government controls a large part of the economy, and most people are affected by federal government spending.
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The labor market is also the biggest market in the economy.
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Most people are involved in either buying or selling labor or both.
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So this is a macro issue, right? it affects the biggest market in the country, the labor market, and it also involves the federal government, which affects the entire economy.
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B, the effect of government regulation on a monopolist production decisions.
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This is a micro issue, right? because any individual monopolist is only going to be a small part of the company...