Which best describes the effects of low and high interest rates on the economy?
a) low intere...
History, 01.10.2019 04:30 tristen2001
Which best describes the effects of low and high interest rates on the economy?
a) low interest rates encourage consumers to borrow and spend, while high interest rates discourage such behavior.
b) high interest rates discourage consumers from investing, while low interest rates encourage investment.
c) high interest rates encourage consumers to borrow and spend, while low interest rates discourage such behavior.
d) low interest rates encourage consumers to invest, while high interest rates discourage investment.
Answers: 2
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