According to the Interest-Rate Effect, as the Price Level

question 108

Multiple Choice

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

• A) rises, people feel poorer and buy less.
• B) rises, Australian products become more expensive and foreigners buy fewer Australian goods.
• C) rises, interest rates fall and people buy less.
• D) rises, interest rates rise and people buy less.

---

Definitions:

Agent

An entity or individual that acts or has the power to act, often used in contexts involving representation or action.

Professional Job

Employment in a field that requires a specialized set of knowledge, skills, or education, typically involving mental rather than manual work.

Conscientiousness

A personality trait characterized by thoroughness, a high level of organization, dependability, efficiency, and a strong sense of duty.

Openness To Experience

A personality dimension that involves willingness to try new things, embrace new ideas, and engage in imaginative and intellectual activities.