When the interest rate rises
A) planned investment falls.
B) planned investment rises.
C) planned investment will be unaffected.
D) equilibrium income increases.
A
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Demand pull inflation can be started by
A) a decrease in net exports. B) an increase in government expenditure. C) a decrease in the money price of resources. D) an increase in the price of oil. E) a decrease in the quantity of money.
Which of the following statements about urban sprawl and traffic congestion is the best illustration of a normative statement?
A. Traffic congestion has increased in the last 20 years. B. Snarled traffic cost motorists in the 85 largest U.S. cities 3.5 billion hours. C. Because urban sprawl is the result of individual choice, it is okay. D. The average U.S. urban traveler is stuck in road traffic 46 hours a year.