The "interest rate effect" can be described as an increase in the price level that raises the interest rate and chokes off
A) investment and consumption spending.
B) government spending.
C) government spending and unplanned investment.
D) net exports.
A
Economics
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The demand for ice cream is very elastic. This fact indicates that the demand for ice cream workers is
a. one b. inelastic c. elastic d. seasonal e. recession-proof
Economics
Assume the production of a good causes a negative externality. In the market equilibrium, the marginal consumer values the good at
a. less than the social cost of producing it. b. less than the private cost of producing it. c. more than the social cost of producing it. d. more than the private cost of producing it.
Economics