According to the Interest-Rate Effect,as the Price Level

question 107

Multiple Choice

According to the interest-rate effect,as the price level:

• A)rises, people feel poorer and buy less.
• B)rises, Australian products become more expensive and foreigners buy fewer Australian goods.
• C)rises, interest rates fall and people buy less.
• D)rises, interest rates rise and people buy less.
• E)falls, interest rates fall and people buy less.

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