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.
When interest rates increase, interest spending increases as well.
mnli hypothesis: When interest rates increase, interest spending increases as well. 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.