are determined by Board of Governors of the Federal Reserve and the Federal Open Market Committee. Lower interest rates has a positive impact on consumers, because it makes it easier for consumers to borrow money, spend less on interest costs, and spend more money on goods and services (Fontes, 2013). 4. Economic Growth Economic growth has a huge impact on the economy. If the economy is growing, which is measured by the GDP, demand for goods and services increases as well. 5. Foreign…
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