If the Price Level Rises,then

question 1

Multiple Choice

If the price level rises,then

• A)the interest rate falls and spending on goods and services falls.
• B)the interest rate falls and spending on goods and services rises.
• C)the interest rate rises and spending on goods and services falls.
• D)the interest rate rises and spending on goods and services rises.

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Definitions:

Constructivism

The philosophical view that reality, as a concrete entity, does not exist and that only ideas (“constructions”) of reality exist.

Interjudge Agreement

The extent to which different judges or observers agree in their assessment or evaluation of a particular characteristic or trait.

Conscientiousness

One of the five major dimensions of personality in the Five Factor Model, involving traits such as organization, diligence, competence, orderliness, and responsibility.

Extraversion

A personality trait characterized by outgoingness, high energy, and positive emotions.