A Decrease in the Interest Rate, All Other Things Unchanged

question 4

Multiple Choice

A decrease in the interest rate, all other things unchanged, ________ the supply of an exhaustible natural resource and ________ the current price of the resource.

• A) increases; increases
• B) increases; decreases
• C) decreases; increases
• D) decreases; decreases

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Definitions:

Proposed Uses

Suggested or recommended ways in which something can be used or applied, often based on research or theory.

Criterion Measure

A standard or benchmark against which the validity of a test score or the performance of an individual can be evaluated.

Grade Point Average

A numerical calculation representing the average value of the accumulated final grades earned in courses over time.

Item Analysis

A series of statistical tests and procedures that can be used to assess for homogeneity in a test.