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Economic markets have a substantial impact on the average American. As interest rates go up, consumers pay more to borrow money. However, consumers can also
Economic markets have a substantial impact on the average American. As interest rates go up, consumers pay more to borrow money. However, consumers can also impact economic markets. If the cost of housing is too expensive, prices can be driven down as people decide not to purchase homes. Hence, the market and the consumer rely on one another. Given the information in this paragraph, the U.S. economy can be understood as a(n) ______________
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