According to the interest rate effect, an increase in the price level, if other factors are held constant, will lead to
A) a reduction in total real spending on interest-rate-sensitive goods.
B) an increase in the stock of real wealth held by the public.
C) an outward shift of the aggregate demand curve.
D) an increase in the real interest rate.
A
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The difference between revenues and expenditures for inputs is known as
A. profits. B. debits. C. cash flow. D. net revenue.
According to the graph above, the last expansion to occur before the outbreak of World War I in 1914 had a duration of ________
A) 23 months B) 44 months C) 3 years D) 12 months E) 20 months
The Great Northern railroad was privately managed well by James J. Hill (1889) and never went bankrupt
Indicate whether the statement is true or false
Welfare support creates a moral hazard by
A. Solving the equity and efficiency conflict. B. Reducing the need to work. C. Encouraging workfare. D. Encouraging individuals to help themselves.