Multiple Choice
In the analysis of the interest rate effect, when the price level changes, the quantity of money households and firms' want to hold and interest rates move in the ____ direction as the change in the price level, while investment and the quantity RGDP demanded move in the ____ direction as the change in the price level.
A) Same, same
B) Same, opposite
C) Opposite, same
D) opposite, opposite
Correct Answer:
Verified
Correct Answer:
Verified
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