Answer to Question #6520 in Economics of Enterprise for MATHEW

Question #6520
01 Establish whether the following is a topic in macroeconomics or microeconomics: a) A consumer must decide how to reallocate spending as a result of a 10% increase in the price of food and no change in disposal income. b) Purchases of durable goods fall as a result of deteriorating consumer confidence. c) Investment spending declines as a result of rising interest rates. d) A firm contemplates the purchase of more technologically efficient equipment as a result of a 20% increase in wages. e) A cut in federal income taxes is expected to increase consumer spending.
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