In the macroeconomy, higher interest rates tend to reduce GDP because A.higher interest rates discourage government spending because government debt becomes harder to service B. higher interest rates discourage the purchase of stocks and bonds C.higher interest rates generate inflation D. higher interest rates reduce consumption and investment

In the macroeconomy, higher interest rates tend to reduce GDP because A.higher interest rates discourage government spending because government debt becomes harder to service B. higher interest rates discourage the purchase of stocks and bonds C.higher interest rates generate inflation D. higher interest rates reduce consumption and investment

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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