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How do interest rates affect the economy 2024?

Ethan Jackson | 2023-05-07 11:15:14 | page views：1435
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Ava Thompson

Studied at MIT, Lives in Cambridge.
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. Businesses and farmers also benefit from lower interest rates, as it encourages them to make large equipment purchases due to the low cost of borrowing.
2023-05-13 11:15:14
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Alexander Wright

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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. Businesses and farmers also benefit from lower interest rates, as it encourages them to make large equipment purchases due to the low cost of borrowing.
How Interest Rates Affect The U.S. Markets - Investopedia
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