(Answered) On dec 16 2015 the federal reserve voted to increase

Management Studies

On Dec. 16, 2015 the Federal Reserve voted to increase interest rates for the first time in 7 years. How will this affect the economy? Check out this video from The New York Times. (http://nyti.ms/1YfSbXA). What affect could the interest rate hike potentially have on unemployment? Why?

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