When after seeing the current mortgage interest rates and immediately deciding to start the search for a new house, you are using:
A) microeconomics to understand marginal changes in the macroeconomy.
B) microeconomics to understand markets and predict changes.
C) microeconomics to make managerial and personal decisions.
D) microeconomics to evaluate the merits of public policies.

Question

Quizplus · Accepted Answer

The decision to start the search for a new house based on current mortgage interest rates is a personal decision and falls under the purview of microeconomics, specifically using microeconomic principles to make personal decisions.

When After Seeing the Current Mortgage Interest Rates and Immediately