Question

Suppose that the stock market rises significantly over the next year, making investors wealthier and more optimistic about the economy while raising the overall level of consumption. Is this increase in consumer confidence a microeconomic or a macroeconomic issue? Microeconomic Macroeconomic Both microeconomic and macroeconomic. Neither microeconomic nor macroeconomic.

Answer 1

Answer:macroeconomic

Step-by-step explanation:

Answer 2

MACROECONOMIC

Economics had been divided into two areas of study and they are:

Microeconomics and

Macroeconomics.

Microeconomics is a study that shows individual economic actors, such as consumers, households and firms, in decision-making. This is on an individual level. But MACROECONOMICS shows the national economy as a whole which is the aggregate outcomes of those individual decisions. So the increase in consumer confidence is macroeconomics since it raises the overall level of consumption. This is because macroeconomics studies price levels, inflation and is concerned about the general economy factor using the rate of economic growth, national income, aggregate measures of gross domestic product (GDP) to show the results of individual, micro-level decisions.