Higher Interest Rates

question 112

Multiple Choice

Higher interest rates

• A)reduce the quantity of goods and services demanded because they increase the cost of borrowing money.
• B)reduce the quantity of goods and services demanded because they reduce the income of bankers and other creditors.
• C)increase the quantity of goods and services demanded because they increase the incomes of all people in the economy.
• D)increase the quantity of goods and services demanded because they lower the costs of building new plants and equipment.

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Definitions:

Veganism

A lifestyle and diet that excludes all animal products and by-products, often motivated by health, ethical, or environmental reasons.

Strictest

Pertaining to the most rigid, exacting, or severe in expectation or requirement.

Vegetarian

A person who does not eat meat, and sometimes other animal products, especially for moral, religious, or health reasons.

Person, Who

A grammatical structure used to introduce a defining or explanatory clause about a person or people mentioned in a sentence.