A Lower Level of Income Causes the Demand for Money

question 70

Multiple Choice

A lower level of income causes the demand for money to ________ and the interest rate to ________.

• A) decrease; decrease
• B) decrease; increase
• C) increase; decrease
• D) increase; increase

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Definitions:

Civil Rights

The rights of citizens to political and social freedom and equality, often associated with movements to end discrimination and ensure equal protection under the law.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations including all the great powers, eventually forming two opposing military alliances: the Allies and the Axis.

Holocaust

The systematic, state-sponsored persecution and murder of six million Jews and millions of others by the Nazi regime and its collaborators during World War II.

Genocide

The deliberate killing of a large number of people from a particular nation or ethnic group, with the aim of destroying that nation or group.