Interest rates might in exceptional cases be reduced without there being any subsequent investment of new capital. Manufacturing capacity newly created by capital investment needs to be fully utilized if it is to lead to industrial growth. If a country's manufacturing capacity is underutilized, interest rates should be held constant. A reduction in interest rates might cause a precondition for industrial growth to be met.
If a country' s manufacturing capacity is fully utilized, there can be no industrial growth without new capital investment. Any reduction in interest rates produces new capital investment.
Which one of the following can be properly concluded from the statements above?