According to the interest rate effect, as the price level decreases, households and firms' holdings of money ____, interest rates ____, investments ____, and the quantity RGDP demanded ____.
a. increases, decrease, increase, decreases
b. increases, increase, increase, decreases
c. decreases, decrease, increase, increases
d. increases, increase, decrease, decreases
Question 2
The equilibrium level of income will rise when:
a. planned consumption spending is less than real GDP.
b. taxes exceed saving.
c. supply exceeds demand.
d. planned inventory investment is negative.
e. aggregate expenditures exceed real GDP.
An example of the founder effect with subsequent adaptive radiation.
The greenhouse effect.
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Select the Code with the Highest Level of Specificity
Greenhouse effect.