Refer to the information provided in Figure 23.8 below to answer the question(s) that follow. Figure 23.8
-Refer to Figure 23.8. The amount of planned investment decreases if the interest rate
A) drops from 8% to 4%.
B) rises from 4% to 8%.
C) remains at 8%.
D) remains at 4%.

Question

Refer to the information provided in Figure 23.8 below to answer the question(s) that follow.  Figure 23.8
-Refer to Figure 23.8. The amount of planned investment decreases if the interest rate
A) drops from 8% to 4%. 
B) rises from 4% to 8%. 
C) remains at 8%. 
D) remains at 4%.

Quizplus · Accepted Answer

According to Figure 23.8, there is an inverse relationship between the interest rate and planned investment. As the interest rate rises from 4% to 8%, the amount of planned investment decreases. Therefore, B is the correct choice.

Refer to the Information Provided in Figure 23