General Micro and Macro Effects

Question 1

What are micro effects you can mention?

Answer 1

Price
Quantity/Quality
Elasticity
Demand/Supply
Costs of Production
Consumer/Producer Surplus
Revenue/ Profit
Gov. Revenue/ Cost
Stakeholder Impacts
Market Failures
Gov. Failure
Competition/Market Structures
Efficiency/Productivity
Wages/Employment
Equity/Inequality

Question 2

What are macro effects you can mention?

Answer 2

AD/AS
Growth/Living Standards
Unemployment
Inflation/Deflation
Trade (current account)
Income Inequality
Gov. Finances
Multiplier\International Competitiveness
Exchange Rate Change
Protectionist Measure
Poverty