Which of the following decreases in response to the interest-rate effect from an increase in the price level?   a. both investment and consumption   b. consumption but not investment   c. investment but not consumption   d. neither investment nor consumption

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter9: Aggregate Expenditures
Section: Chapter Questions
Problem 4E
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Which of the following decreases in response to the interest-rate effect from an increase in the price level?
  a.
both investment and consumption
  b.
consumption but not investment
  c.
investment but not consumption
  d.
neither investment nor consumption
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