Problem: You have been asked to give a speech at a meeting at your local Chamber of Commerce. The questions you have been asked to explain during your speech are listed here:
Q1. What are the main differences between microeconomics and macroeconomics? Provide an example of a microeconomic and macroeconomic phenomenon.
Would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision?
Q2. Would you give an example of how a macroeconomic phenomenon has impacted a personal or business decision of yours? In the end, what was the result of your decision?