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Influence of Economics on Household Decision Making
Purpose of Assignment
To locate, retrieve, and evaluate the effects of macroeconomic indicators on your own decision making.
Scenario: Consider your last big purchase such as a car, appliances, home repairs, home purchase, computer equipment, college tuition, or another “big-ticket” item, which are often purchased using loans/financing (by borrowing money). Also consider your decision-making process that led you to choose a particular make, model, or brand of the product (or service) you purchased and whether it was the right time to make the purchase given economic conditions at the time of your purchase. While analyzing your decision, keep in mind everything from interest rates to the prices of complementary and substitute goods are driven by human economic behavior.
Develop a minimum 1,050-word analysis paper or 5-10 Powerepoint presentation of your decision-making process in which you include the following:
SUMMARY AND CONCLUSIONS
Cite a minimum of three credible sources. Note: Government publications meet this criteria.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
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