Describe two to three macroeconomic factors that influence interest rates in general. Explain the effects of each factor on interest rates.
Answers
Explanation:
Here are seven key factors that affect your interest rate that you should know
Credit scores. Your credit score is one factor that can affect your interest rate.
Home location.
Home price and loan amount.
Down payment.
Loan term.
Interest rate type.
Loan type.
Answer:
Macroeconomics is defined as that branch of economics which studies economic activities (including economic issues or economic problems) at the level of an economy as whole.
It focuses on issues such as output level, employment level and price level in the context of economy as a whole.
In other words, Macroeconomics is a branch of the economics that studies how the aggregate economy behaves. In macroeconomics, a variety of economy-wide phenomena is thoroughly examined such as, inflation, price levels, rate of growth, national income, gross domestic product (GDP) and changes in unemployment.