Other Things the Same,an Increase in the Price Level Induces

question 60

Multiple Choice

Other things the same,an increase in the price level induces people to hold

• A)less money,so they lend less,and the interest rate rises.
• B)less money,so they lend more,and the interest rate falls.
• C)more money,so they lend more,and the interest rate falls.
• D)more money,so they lend less,and the interest rate rises.

---

Definitions:

Positive Expectancy

The belief that one's efforts will result in positive outcomes, influencing motivation and persistence in tasks.

High Need

A condition in which there is a significant demand or requirement for a particular resource, service, or condition.

Positive Instrumentality

the belief that performing well will lead to the attainment of desired outcomes or rewards.

Self-efficacy Theory

A psychological concept suggesting that an individual's belief in their ability to perform tasks leads to better performance and outcomes.