Business, 11.04.2020 01:11 Miloflippin7339
The Federal Reserve uses interest rates to help the economy maintain economic growth and curb inflation. The Federal Reserve kept interest rates low during 2000-2004 to encourage economic growth after the dot-com crash. The intended result was growth in real GDP, and a housing "boom" (also a "housing bubble")in the United States. What was the unintended consequence or outcome of this monetary policy?
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