According to the interest rate effect, when the price level rises, people need more money to...
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According to the interest rate effect, when the price level rises, people need more money to make the same number of purchases, so the demand for consumption and investment, causing increases. AS a result, interest rates which the quantity of real GDP demanded to According to the interest rate effect, when the price level rises, people need more money to make the same number of purchases, so the demand for consumption and investment, causing increases. AS a result, interest rates which the quantity of real GDP demanded to
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Related Book For
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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