People hold less money and lend more and the interest rate falls when the price level
a) increases by more than 30 percent.
b) remains constant.
c) increases by less than 30 percent.
d) decreases.
Ans: d) decreases.
Economics
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At the best affordable point, consumers equate their marginal rates of substitution to
A) their money income. B) their real income. C) relative prices. D) relative quantities.
Economics
Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number of unemployed persons is _____
a. 10 b. 15 c. 40 d. 30 e. 90
Economics