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Cooper Abramson
on Nov 11, 2024

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A likely consequence of debt default is:

A) a decrease in the federal cost of borrowing.
B) an increase in unemployment due to growing uncertainty.
C) a sudden decline in the market interest rates.
D) an increase in the credit flows in an economy.
E) a sudden increase in the investment flows in the economy.

Debt Default

The failure to meet the legal obligations of a loan, such as not making scheduled payments on time.

  • Identify the outcomes of extensive government budget deficits on the economic environment and interest rate trends.
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JA
Jordy AdrianNov 17, 2024
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