Interest payments in the United States increased during the 1980s because of _____
A) higher interest rates.
B) a low tax rate.
C) growing budget surpluses.
D) a fall in government expenditure.
E) an increase in national savings.

Question

Quizplus · Accepted Answer

Interest payments increase when interest rates increase, and interest rates in the United States rose during the 1980s due to policies implemented by the Federal Reserve to combat inflation.

Interest Payments in the United States Increased During the 1980s