Micro and macro effects

Question 1

Macro effects

Answer 1

1) Growth
2) Unemployment
3) Inflation
4) Trade
5) Income inequality
6) AD/AS
7) Govt Finances
8) Living Standards and poverty
9) Multiplier Effects
10) Exchange rate changes
11) Protectionist policies

Question 2

Micro effects

Answer 2

1) Price
2) Quantity
3) Elasticity
4) Competition/market structure
5) Revenue
6) Surplus
7) Demand/Supply
8) Equity
9) Market/govt failure
10) Environment
11) Stakeholders
12) Efficiency