Which of the following statements accurately describe the relationship between interest rates and economic activity? Select all that apply.

Interest rates are the cost of borrowing money, and they play a big role in how the economy works. When interest rates are low, people and businesses are more likely to borrow money to buy things like houses or invest in new projects, which can boost economic activity. Conversely, when interest rates are high, borrowing becomes more expensive, and people may spend less, slowing down the economy. For example, if a bank offers a low interest rate on a loan, a family might decide to buy a new car, which helps car manufacturers and creates jobs. Therefore, there is a clear relationship: lower interest rates usually encourage more economic activity, while higher rates can lead to a slowdown.