Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics The effect of a large government’s budget deficit on the economy’s price level The effects of the Internet on the pricing of used cars A consumer’s optimal choice when buying a flat-screen TV A firm’s decision about the size of its new factory None 5. Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. The effect of a large government’s budget deficit on the economy’s price level The effects of the Internet on the pricing of used cars A consumer’s optimal choice when buying a flat-screen TV A firm’s decision about the size of its new factory Microeconomics Macroeconomics