As interest rates rise, the effect on aggregate demand is to Select one: a. increase firm borrowing and investment spending. b. increase only firm borrowing. c. reduce consumer borrowing and consumption spending. d. increase consumer borrowing and saving.
As interest rates rise, the effect on aggregate demand is to Select one: a. increase firm borrowing and investment spending. b. increase only firm borrowing. c. reduce consumer borrowing and consumption spending. d. increase consumer borrowing and saving.
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter11: Fiscal Policy: The Keynesian View And Historical Development Of Macroeconomics
Section: Chapter Questions
Problem 11CQ
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