An Increase in the Interest Rate Should ________ the Demand

question 198

Multiple Choice

An increase in the interest rate should ________ the demand for dollars and the value of the dollar,and net exports should ________.

• A)decrease; decrease
• B)decrease; increase
• C)increase; decrease
• D)increase; increase
• E)increase; not change

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Definitions:

Industrial Education

Educational programs focused on teaching the skills and knowledge necessary for employment in industries, including technical training and apprenticeships.

Social Darwinism

A theory that applies the concept of survival of the fittest to human society, justifying inequalities and promoting a laissez-faire political and economic system.

Buffalo-Hunting Indians

Native American tribes that relied heavily on the hunting of buffalo for their livelihood, including for food, clothing, and shelter.

Transcontinental Railroad

A train route across the United States completed in 1869, connecting the east and west coasts, significantly facilitating commerce and settlement.