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Macroeconomics and Microeconomics: Impact on daily lives

There are many reasons for changes to be made to our plans to reach our goals in life. In this instance, consider how macroeconomics and microeconomics impact our daily lives. Describe two economic examples of issues that affect our decision making process and that may change our quality of life.

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One of the example of economic issue is overall economic condition and prevailing interest rate in the economy. This issue affects our day to day decision making related to new purchase of house, car, etc. For example, higher interest rate deters us to purchase ...

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There are many reasons for changes to be made to our plans to reach our goals in life. In this instance, consider how macroeconomics and microeconomics impact our daily lives. Describe two economic examples of issues that affect our decision making process and that may change our quality of life.

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