willmcginnis6
willmcginnis6 willmcginnis6
  • 21-02-2017
  • Business
contestada

What effects do low interest rates have on the economy?

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Delaware
Delaware Delaware
  • 21-02-2017
Consumers pay less in interest, meaning more money to spend. It creates a ripple effect of increased spending throughout the economy  
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wolfyfulton wolfyfulton
  • 02-11-2020

Answer:

When consumers pay less in interest, this gives them more money to spend which can create a ripple effect of increased throughout the economy. Business and farmers also benefit from lower interest rates, as it encourages them to make large equipment purchases due to the low cost of borrowing.

Explanation:

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