Central banks around the world have pursued historically low interest rates in an effort to
A) redistribute wealth from lenders to borrowers.
B) reduce government interest payment on past borrowing thus allowing more to be spent on social programs.
C) provide governments with a justification for running large budget deficits.
D) to encourage consumers to spend more and thus shift aggregate demand to the right.
E) to reduce the incomes of capitalists.
Correct Answer:
Verified
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