Following the Downgrade of U

Multiple Choice

Following the downgrade of U.S. debt by Standard & Poor's in August, 2011:

A) other rating agencies also downgraded U.S. debt
B) interest rates spiked as investor's perception of risk increased
C) investors didn't seem to be any more concerned about default risk than before the downgrade
D) the U.S. implemented a plan to significantly reduce its budget deficit later that year