Interest spending is determined by interest rates-which are held constant over the long-term-and the level of federal debt held by the public, which depends on the path of budget deficits/surpluses within each simulation.
Interest rates have a direct impact on interest spending.
mnli hypothesis: Interest rates have a direct impact on interest spending. premise: Interest spending is determined by interest rates-which are held constant over the long-term-and the level of federal debt held by the public, which depends on the path of budget deficits/surpluses within each simulation.