g People will want to hold more money if the price level a. or if the interest rate increases. b. or if the interest rate decreases. c. increases or if the interest rate decreases. d. decreases or if the interest rate increases.

Question

Business

Alden Singleton

28 April, 00:18

g People will want to hold more money if the price level a. or if the interest rate increases. b. or if the interest rate decreases. c. increases or if the interest rate decreases. d. decreases or if the interest rate increases.

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Answers (1)

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Adam · Answer 1

a. or if the interest rate increases.

Explanation:

An increase in the price utlimately decreases the level of spending by an individual. People want to save their money when the prices increase.

On the other hand when the interest rate increases some people who normally invest their money to receive the return will ultimately increase their amount of investment to increase their returns.