3. Is this news story a macroeconomic story or a microeconomic story? This news story is a story because O A. microeconomic; the government can intervene in the labour market () B. macroeconomic; it describes changes in Canada's unemployment rate C. microeconomic, individuals feel the effects of a rising unemployment rate Q) D. macroeconomic individuals cannot make choices that influence the labour market 4. Why is the unemployment rate referred to as an economic variable? The unemployment rate is referred to as an economic variable because the unemployment rate is A. a measure of scarcity B. measurable and can take different values C. determined by a model D. either correct or incorrect