Higher interest rates will tend to reduce aggregate demand, other things being equal

The median-voter model implies that a political office seeker will:

A. adopt more extreme views when seeking his or her party's nomination than when running against the other party's opponent. B. adopt less extreme views when seeking his or her party's nomination than when running against the other party's opponent. C. favor extensive government spending because demand curves for public goods are added vertically rather than horizontally. D. favor the private resolution of externality problems rather than governmental intervention.

The level of government payments ________ as prices fell and costs ________ in the 1980s, and ________ dramatically as prices rose in the 2000s

Fill in the blank(s) with correct word