One of the impacts of the budget deficits that resulted from the fiscal stimulus of 2009 was that:
A)the public debt decreased.
B)interest rates remained very low.
C)interest rates increased to record high levels.
D)crowding-out occurred.

Question

Quizplus · Accepted Answer

Interest rates remained very low because the Federal Reserve kept the federal funds rate near zero for an extended period of time in order to stimulate the economy.

One of the Impacts of the Budget Deficits That Resulted