Which of the Following Statements Is Not Correct

question 189

Multiple Choice

Which of the following statements is not correct?

• A)Given the supply of money, a decline in the demand for money will tend to reduce the equilibrium GDP.
• B)Given the supply of money, the equilibrium interest rate will vary directly with the level of money GDP.
• C)Given the demand for money, the equilibrium interest rate will vary inversely with the supply of money.
• D)Given the supply of money, the equilibrium interest rate will vary directly with the demand for money.

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Definitions:

Chemical Energy

A form of potential energy stored in chemical bonds between atoms and molecules, which can be released during chemical reactions.

Autotrophs

Organisms that produce their own food from inorganic substances using light or chemical energy, such as plants and some bacteria.

Pigment

Substances that give color to living organisms, such as chlorophyll in plants or melanin in human skin.

Light

Light is electromagnetic radiation within a portion of the electromagnetic spectrum that can be perceived by the human eye, responsible for the sense of sight.