Social Studies, 14.12.2021 04:20, joannasalazar450
Rising interest rates have made borrowing more costly to consumers. As a result of the most recent increase in interest rates,
borrowing and consumption have fallen throughout the economy, triggering a contractionary period. Growing uneasy, citizens have
been asking Congress to make an official statement as to how long this contractionary period is expected to last. Which of the
following is an appropriate response?
Answers: 2
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Rising interest rates have made borrowing more costly to consumers. As a result of the most recent i...
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