Multiple Choice
How does an increase in the interest rate affect the demand for goods and services?
A) It increases the cost of borrowing and people consume more.
B) It decreases the cost of borrowing and people consume more.
C) It increases the cost of borrowing and people consume less.
D) It decreases the cost of borrowing and people consume less.
Correct Answer:
Verified
Correct Answer:
Verified
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