The interest-rate effect
a. depends on the idea that increases in interest rates decrease the quantity of goods and services demanded.
b. depends on the idea that increases in interest rates decrease the quantity of goods and services supplied.
c. is responsible for the downward slope of the money-demand curve.
d. is the least important reason, in the case of the United States, for the downward slope of the aggregate-demand curve.
Ans: a. depends on the idea that increases in interest rates decrease the quantity of goods and services demanded.
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(a) Military (b) Expanding regulatory agencies (c) Public works, education and sanitation (d) Foreign interventionism
Opportunity cost is the combined value of all other alternatives that go unchosen
a. True b. False Indicate whether the statement is true or false