Other Things Being Equal,what Effect Would an Appreciable Increase in Interest

question 31

Multiple Choice

Other things being equal,what effect would an appreciable increase in interest rates have?

• A)an increase in exports
• B)a decrease in consumption
• C)an increase in investment spending
• D)a decrease in savings

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Definitions:

Not Normal

Refers to data that does not follow a normal distribution, which can impact the choice of statistical tests.

Normally Distributed

A distribution of probabilities that exhibits balance around the mean, with a higher occurrence rate for data close to the mean compared to data farther from the mean.

Mean

The arithmetic average of a set of numbers, found by dividing the sum of all values by the count of values.

Standard Deviation

A measure indicating the amount of variation or dispersion from the average in a set of data.