On Friday May 3, 2013, the headlines in the list appeared in The Wall Street Journal. Classify each headline as a signal that the news article is about a microeconomic topic or a macroeconomic topic. Explain your answers

What will be an ideal response?

• Job Gains Calm Slump Worries
This entry is a macroeconomic topic because the slump concerns a turndown in the overall economy and neither an individual nor a busi-ness makes the decision to slow the aggregate economy.
• Washington Post's Profit Falls
This entry is a microeconomic topic because it concerns the profit out-come of one business, the Washington Post.
• Overcapacity, Fuel Costs Hit Shipping
This entry is a microeconomic topic. It describes the situation within one sector—shipping—which is being affected by overcapacity and a rise in the price of fuel.
• Green Shoots in Greece?
This entry is a macroeconomic topic because the "green shoots" mean that growth in different sectors is starting to grow. It is a sign that per-haps the overall Greek economy is starting to grow.