00:01
So here we've got this story about micro versus macro, right? and we're going to break it into four possible issues, right? the first issue is how national health care affects unemployment.
00:16
Do you see how these are big picture issues, right? macro is issues that affect the entire economy, right? and so that means things that affect the lives of all of us, stuff like the labor market, stuff like the rate of interest.
00:30
Right? this is a macro story, right? anytime you see unemployment, you always, well, not always, but, you know, unemployment is a key macroeconomic indicator, right? because the labor market is something that affects almost the entire economy.
00:46
So unemployment is always a macro issue.
00:49
So this is a really big picture, big picture issue.
00:53
For b, we have the effect of war on government spending.
00:59
Of course, this is another macro issue, right? it is a big picture thing.
01:05
Government spending is a macro issue, right? government spending affects everyone in the economy.
01:12
It is clearly a very big thing, right? c, you've got tax policy on economic growth.
01:25
Again, classic macro issue...