When the Federal Reserve lowered interest rates following the 2001 recession, more people started to buy homes. Lower interest rates typically make borrowing cheaper, encouraging consumers to take out mortgages and invest in real estate.
When the Federal Reserve lowered interest rates following the 2001 recession, what did more people start to do?
(1 point)
• buy homes
• default on loans
• invest in dot-coms
• sell stock shares
1 answer