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-In the Above Figure, If the Interest Rate Is Negatively

Question 341

Multiple Choice

  -In the above figure, if the interest rate is negatively related to household expenditures for any given level of household income, an increase in the interest rate will A)  shift the line vertically upward. B)  shift the line vertically downward. C)  make the line negatively sloped. D)  cause no change in the line's position.
-In the above figure, if the interest rate is negatively related to household expenditures for any given level of household income, an increase in the interest rate will


A) shift the line vertically upward.
B) shift the line vertically downward.
C) make the line negatively sloped.
D) cause no change in the line's position.

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