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When the interest rate in an economy increases it is likely the result of either?

User Rahul Goti
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When the interest rate in an economy increases, it is likely the result of either A DECREASE IN THE GOVERNMENT'S BUDGET SURPLUS OR AN INCREASE IN ITS BUDGET DEFICIT. Interest rate is the rate that is charged for the use of money. When the interest rate increases in an economy, it is an indication that there is a change in country's budget
User Celwell
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