There is a difference between a change in the interest rate that is brought about by a change in the price level and a change in the interest rate that is brought about by a change in some factor other than the price level. The first will change the quantity demanded of Real GDP, and the second will change the AD curve. Do you agree or disagree with this statement? Explain your answer.
Economics (MindTap Course List)
Economics (MindTap Course List)
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There is a difference between a change in the interest rate that is brought about by a change in the price level and a change in the interest rate that is brought about by a change in some factor other than the price level. The first will change the quantity demanded of Real GDP, and the second will change the AD curve. Do you agree or disagree with this statement? Explain your answer.
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