Interest rates have an impact on the sale of autos, appliances, and capital equipment, and thus represent a
macroeconomic force.

Question

Quizplus · Accepted Answer

Interest rates affect the cost of borrowing, which can impact consumers' purchasing power and decision-making when it comes to buying big-ticket items like cars, appliances, or businesses investing in capital equipment. This makes interest rates a macroeconomic force that can affect a range of industries and the overall economy.

Interest Rates Have an Impact on the Sale of Autos