A Decrease in the Interest Rate, Other Things Being Equal

question 9

Multiple Choice

A decrease in the interest rate, other things being equal, causes

• A) an upward movement along the demand curve for money.
• B) a downward movement along the demand curve for money.
• C) a rightward shift of the demand curve for money.
• D) a leftward shift of the demand curve for money.

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Definitions:

Premise

A statement or proposition from which another is inferred or follows as a conclusion, used as the basis for an argument.

Subjectivism

A philosophical stance asserting that knowledge and value are influenced by and dependent upon personal perspectives and experiences.

Fallacy

A mistake in the process of reasoning which makes an argument fundamentally incorrect.

Pony

A small horse breed known for its intelligence and strength.