Because the United States is highly integrated with the international capital market, international capital flows tend to
a. counteract the negative effect on aggregate demand of lower interest rates.
b. counteract the positive effect on aggregate demand of higher interest rates.
c. strengthen the negative effects on aggregate demand of higher interest rates.
d. strengthen the negative effects on aggregate demand of lower interest rates.
c
You might also like to view...
The process of making the best of our limited resources by doing the things we are best at and hiring other people to do the things we are not particularly good at is called
A) absolute advantage. B) comparative advantage. C) specialization. D) protectionism.
The "corporate takeover market" plays a part in handling the conflict between management and __________ in __________-oriented financial systems
A) bankers; markets B) bankers; banking C) stockholders; markets D) stockholders; banking