The interest rate effect operates through
A) labor supply.
B) government spending levels.
C) the purchasing power of individuals' checking accounts.
D) credit markets by changing borrowing costs.
D
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The graph illustrates the market for British pounds, the currency of the United Kingdom. As the number of buyers of pounds increases and the number of sellers of pounds increases, the equilibrium price of a pound
A) will fall B) will rise. C) will remain the same. D) might rise, fall, or remain the same depending on whether the effect on buyers is larger than, less than, or the same as the effect on sellers. E) None of the above answers is correct.
Which of the following statements best describes the U.S. labor force since World War II?
a. Total employment grew, but the labor force participation rate fell. b. Total employment grew, and so did the labor force participation rate. c. Total employment grew, but the labor force participation rate remained unchanged. d. Total employment remained constant, but the labor force participation rate fell. e. Total employment remained constant, but the labor force participation rate rose.