[Answer] Which statement best describes the effects of low and high interest rates on the economy?

Answer: a. Low interest rates encourage consumers to borrow and spend while high interest rates encourage saving.

Most relevant text from all around the web:

Which statement best describes the effects of low and high interest rates on the economy? Which statement best describes the effects of low and high interest rates on the economy? Low interest rates encourage consumers to borrow and spend while high interest rates encourage saving . High interest rates discourage consumers from investing while low interest rates encourage investment . High interest rates encourage consumers to borrow and spend while low interest rates … Tue Nov 07 2017 · Answer. Verified by Expert. I believe the answer is: Low interest rates encourage consumers to borrow and spend while high interest rates encourage saving. Which is why banks tend to give low interest ra...

Disclaimer: 

Our tool is still learning and trying its best to find the correct answer to your question. Now its your turn, "The more we share The more we have". Comment any other details to improve the description, we will update answer while you visit us next time...Kindly check our comments section, Sometimes our tool may wrong but not our users.

Are We Wrong To Think We're Right? Then Give Right Answer Below As Comment