According to the Interest-Rate Effect,as the Price Level

Multiple Choice

According to the interest-rate effect,as the price level:

A) rises, people feel poorer and buy less.
B) rises, Australian products become more expensive and foreigners buy fewer Australian goods.
C) rises, interest rates fall and people buy less.
D) rises, interest rates rise and people buy less.
E) falls, interest rates fall and people buy less.