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WILL MARK BRAINLIEST
How did lower interest rates help economic growth?

It created opportunities to reduce personal and government debt.
It allowed businesses to increase benefits and wages for employees.
It helped people borrow money to use to purchase products and services.
It forced the government to increase spending on federal and state projects.

Respuesta :

BleachedChoco

Answer:

Actually, the correct answer is C.

Explanation:

When consumers pay less in interest, this gives them more money to spend, which can create a ripple effect of increased spending throughout the economy. Businesses and farmers also benefit from lower interest rates, as it encourages them to make large equipment purchases due to the low cost of borrowing.

gauravsingh23VT

It helped people borrow money to use to purchase products and services is the way to lower interest rates help economic growth.

What is mean by economic growth?

Economic growth, defined as a rise in people's real income, suggests that the gap between their earnings and the prices of goods and services they can purchase is narrowing: goods and services become more affordable, and people become less poor.

Thus, option C is correct.

For more details about economic growth, click here

https://brainly.com/question/11679822

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