Interest rates have an impact on the sale of automobiles, appliances, and capital equipment. This represents a macroeconomic force.

Question

Quizplus · Accepted Answer

Interest rates can affect consumer purchasing power and borrowing costs, which can impact the demand for big-ticket items such as automobiles, appliances, and capital equipment. This is a macroeconomic force because it affects the overall economy and not just individual businesses or consumers.

Interest Rates Have an Impact on the Sale of Automobiles