Contents
Executive Summary- Introduction and Background
- Evaluation of Consumer Responses
- Conclusion
- References
Description
Microeconomic issues have positive and negative impact on the business sectors. Interest rate variations are one of the economic issues which can be a concern for the business sectors as well as consumers. One of the microeconomic issues in Australia is that of increase in interest rates due to its high real GDP which has led to economic growth. The report discusses that inspite of the economic growth the interest rates have increased which has a severe impact on the consumer spending behavior. The report discusses the sectors affected by increase in interest rates and their reactions are evaluated.
