The demand curve for investment depicts:
a. an inverse relationship between interest rate and aggregate demand.
b. an inverse relationship between interest rate and investment
c. an inverse relationship between price level and real GDP.
d. a direct relationship between interest rate and quantity of money.
e. a direct relationship between aggregate demand and real GDP.
b
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From 1970 to 2006, data representing average real income for U.S. households indicates that the rich have ________ and the poor have ________
A) gotten richer; gotten poorer B) gotten richer; also gotten richer C) gotten richer; gotten neither richer nor poorer D) gotten poorer; also gotten poorer
Refer to Figure 4-1. If the market price is $3.50, what is the consumer surplus on the first ice cream cone?
A) $0 B) $0.50 C) $3.50 D) $9.00