Suppose Interest Rates Increase from 1 Percent to 3 Percent

question 87

Multiple Choice

Suppose interest rates increase from 1 percent to 3 percent.In the short run,one can expect output in the United States to ________ and the price level to ________.

• A) increase; increase
• B) decrease; decrease
• C) decrease; increase
• D) increase; decrease
• E) remain unchanged; remain unchanged

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Peak Performer

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An illustrative representation designed to help individuals or organizations identify and develop the essential skills and behaviors needed for success in a particular role or activity.