As the price level falls
a. people are more willing to lend, so interest rates rise.
b. people are more willing to lend, so interest rates fall.
c. people are less willing to lend, so interest rates fall.
d. people are less willing to lend, so interest rates rise.
b
Economics
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If total planned spending (E(p)) exceeds GDP, we expect that
A) inventories will be falling. B) inventories will be rising. C) GDP will be falling. D) government expenditures must be rising.
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In 2014, output per capita in the United States was approximately equal to
A) $15,500. B) $25,800. C) $43,800. D) $54,592.
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