For the US

question 153

Multiple Choice

For the U.S.economy,which of the following helps explain the slope of the aggregate-demand curve?

• A)An increase in the price level decreases the interest rate.
• B)An increase in the price level increases the interest rate.
• C)An increase in the money supply decreases the interest rate.
• D)An increase in the money supply increases the interest rate.

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Definitions:

Production Technology

Refers to the methods, equipment, and processes used to produce goods and services.

Capital Intensive

An industry or business that requires large amounts of money and resources (such as machinery or equipment) to produce goods or services.

Alternative Technologies

Refers to varying methods, tools, or systems that can be used as substitutes for each other in achieving a similar outcome, often considered in the context of environmental sustainability or efficiency improvements.

Hourly Wage Rate

The compensation employees receive for every hour they work.