Question 1 Is the article discussing a microeconomic issue or a macroeconomic issue? Justify your answer?
Australian battlers and pensioners to receive $750 bonuses as Scott Morrison unveils $23 billionCOVID-19 packageA quarter of Australians will be given $750 as part of Scott Morrison’s $23 billion bid to prevent a recessionas coronavirus rocks the economy. The cash will be handed out to 6.5 million pensioners and people onbenefits, including parents who get tax breaks. The payments totaling $4.8 billion will be begin on 31March and will be transferred automatically through the tax system.’Australians will spend that money and that money will encourage economic activity,’ Treasurer JoshFrydenberg said.The measure is part of a huge stimulus plan – the first of its kind since the 2008 financial crash – to savethousands of jobs and companies as coronavirus pushes Australia towards recession.Source: An abridged version of the article is extracted from: https://www.dailymail.co.uk/news/article-8102511/Coronavirus-Scott-Morrison-unveils-23billion-stimulus-package.html, published on Thursday,Mar 12th 2020