Figure 21-3. 
-Refer to Figure 21-3. Which of the following sequences (numbered arrows) shows the logic of the interest-rate effect?
Definitions:
Retention Ratio
The share of net income that remains in the business instead of being paid out to shareholders in the form of dividends.
Sustainable Growth Rate
The maximum rate at which a company can grow its sales and earnings without increasing its debt or equity.
Total Asset Turnover
A financial metric that evaluates how effectively a company can produce revenue from its assets by contrasting net sales with the average total assets.
Dividends Paid
Dividends paid are the portion of a company's earnings distributed to its shareholders, typically in the form of cash payments or additional shares.
Q24: According to the long-run Phillips curve, in
Q94: Other things the same, an increase in
Q140: Which of the following correctly describes actions
Q172: John Maynard Keynes advocated policies that would
Q201: Keynes believed that economies experiencing high unemployment
Q214: If Congress cuts spending to balance the
Q228: According to liquidity preference theory, the slope
Q352: In which of the following cases would
Q407: A reduction in U.S net exports would
Q426: Recessions occur at irregular intervals and are