Goodyear benefitted when the Federal Reserve ________ in 2008.This Fed action would help increase demand for its tires,which allowed Goodyear to increase employment and increase prices.

Question

Quizplus · Accepted Answer

When the Federal Reserve drives down interest rates, it becomes cheaper for consumers and businesses to borrow money, which can increase demand for goods and services. This can lead to an increase in employment and prices, which is beneficial for companies like Goodyear.

Goodyear Benefitted When the Federal Reserve ________ in 2008