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hram777 [196]
4 years ago
11

What does a lower interest rate climate mean for the larger economy?

Social Studies
1 answer:
ycow [4]4 years ago
3 0
The lower the interest rate, the more willing people are to borrow money to make big purchases, such as houses or cars. When consumers pay less in interest, this gives them more money to spend, which can create a ripple effect of increased spending throughout the economy
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