An Increase in Income Raises Money ______ and ______ the Equilibrium

question 12

Multiple Choice

An increase in income raises money ______ and ______ the equilibrium interest rate.

• A) demand; raises
• B) demand; lowers
• C) supply; raises
• D) supply; lowers

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Definitions:

Hue

A color or shade, often referring to the aspect of color that is determined by the wavelength of light.

Brightness

The perception of how luminous an object appears, determined by the amount of light it emits or reflects.

Fovea

A small depression in the retina of the eye where visual acuity is highest.

Rods

Photoreceptor cells in the retina of the eye that are responsible for vision at low light levels but do not mediate color vision.