There are linkages between the microeconomic decisions made by managers and the macroeconomic environment.
There are numerous examples from the recession of 2008-2010 recession or Covid- 19 of company layoffs at the micro level, directly influenced by the decline in economic activity at the macro level
. For this assignment, research this linkage.
How did the recession impact businesses/managers at the macro and micro levels? Likewise, managers made different decisions as the recession ended and the economy picked up.
How does it appear that the managerial decisions were made as the economic environment changed? Use at least 2 different industries.
One connection you may think about exploring was the hiring (or not) of recent graduates during and after the recession.