To stimulate growth and consumer spending, the Federal Reserve
A)raised interest rates.
B)fluctuated interest rates often.
C)lowered interest rates.
D)kept interest rates the same.
E)None of these are correct.

Question

To stimulate growth and consumer spending, ​the Federal Reserve
A)raised interest rates.
B)fluctuated interest rates often.
C)lowered interest rates.
D)kept interest rates the same.
E)None of these are correct.

Quizplus · Accepted Answer

To stimulate growth and consumer spending, the Federal Reserve has historically lowered interest rates. Lower interest rates make borrowing money cheaper and more attractive, which can spur investment and spending in the economy.

To Stimulate Growth and Consumer Spending, ​The Federal Reserve

To Stimulate Growth and Consumer Spending, The Federal Reserve