Interest rates were high during the middle years of the period from 2002 to 2016 and then decreased primarily because the:

Question

Quizplus · Accepted Answer

The high interest rates during the middle years of the period from 2002 to 2016 were largely due to increased demand for loanable funds driven by conditions in the housing market, such as the housing bubble. However, as the market peaked and then collapsed, demand for loanable funds decreased, leading to a decrease in interest rates.

Interest Rates Were High During the Middle Years of the Period