Other Things the Same,when the Price Level Falls,interest Rates

question 140

Multiple Choice

Other things the same,when the price level falls,interest rates

• A)rise,which means consumers will want to spend more on homebuilding.
• B)rise,which means consumers will want to spend less on homebuilding.
• C)fall,which means consumers will want to spend more on homebuilding.
• D)fall,which means consumers will want to spend less on homebuilding.

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Definitions:

Nelson Rockefeller

An American businessman and politician who served as the 41st Vice President of the United States from 1974 to 1977 under President Gerald Ford and was the 49th Governor of New York.

Richard M. Nixon

37th President of the United States, known for his involvement in the Watergate scandal and eventual resignation.

Panama Canal

A significant engineering project completed in 1914, connecting the Atlantic and Pacific Oceans and significantly impacting global trade routes.

Spiro Agnew

The 39th Vice President of the United States, serving under President Richard Nixon, and known for his resignation due to accusations of bribery and tax fraud.