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Jeremy Thangkhokai Haokip

· started a discussion

· 1 Months ago

higher interest rate (Question: 225319.0 )

Decrease in interest rates increase the flows of money in the market. This increases economic activity thereby leading to higher gdp. The answer should be - lead to lower GDP as there is increase in interest rate as per the questions.....

Question:

Increased Interest rates, as is existing in the economy at present, will:

Options:
A) Lead to higher GDP growth
B) Lead to lower GOP growth
C) Mean higher cost of raw materials
D) Mean lower cost of raw materials
E) Mean higher wage bill
Solution:
Ans: (c) 

Knowledge Expert

· commented

· 1 Months ago

Dear Student,
Option(c) is the requured answer. We have resolved it.
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