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Cette fête a été ajoutée par Evan le 2014-04-15



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Another service? http://inwa-nordicwalking.com/high-school-essay-help/ purchase essay The Fed is currently buying bonds and mortgage-backed securities to keep interest rates low. The low rates are supposed to increase demand through several different channels. One way is through firms; if you lower real interest rates it’s cheaper for them to invest, expand and hire. Also, low rates encourage more consumption. They lower the returns to saving so it’s cheaper to consume today instead of in the future. This is called substitution effect. Or, the lower rates change how wealthy you feel — this is a wealth effect.


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