According to the Interest Rate Effect,as the Price Level

question 37

Multiple Choice

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

• A) rises, people feel poorer and buy less.
• B) rises, United States products become more expensive and foreigners buy less U.S. 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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