onsider the following three statements:
(i) The slump in the housing market has led to an increase in unemployment in the housing construction market.
(ii) The Federal Reserve decided to keep interest rates unchanged, motivated by the slump in the housing market.
(iii) The California Air Resources Board passed a regulation requiring that 10% of all large automobiles sold in California from 2008 onward be zero-emissions vehicles: cars powered by electricity or alternative fuels like hydrogen.
Which of the statements is a macroeconomics issue?
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