Unformatted text preview: must be very careful. Debt is always the problem in this case. High interest rates have a tendency to deter individuals from buying goods and services that they feel are too expensive to afford. As a result individuals will not acquire so much debt. Higher interest rates mean that the product in the end is much more expensive than its original sales price. People who do not have the cash will not buy. High interest rate products are easy to avoid. People just do not buy the goods and services....
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- Spring '10