Multiple Choice
According to the interest rate effect,as the price level:
A) rises, people feel poorer and buy less.
B) rises, United States products become more expensive and foreigners buy less U.S. 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.
Correct Answer:

Verified
Correct Answer:
Verified
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