During the late part of the business expansion, interest rates will most likely do which of the following?
A)fall
B)rise
C)remain the same
D)fall slightly, then plateau

Question

Quizplus · Accepted Answer

During the late part of the business expansion, interest rates typically rise as demand for borrowing increases and the supply of available funds becomes limited. This can lead to increased inflationary pressure and ultimately a contraction in the economy.

During the Late Part of the Business Expansion, Interest Rates