You notice that when interest rates increase, new residential housing prices tend to decrease. This observation indicates that
A) higher interest rates must cause low housing prices.
B) a scatter diagram between interest rates and housing prices will show a direct relationship.
C) there must be false causality between interest rates and housing prices.
D) a scatter diagram between interest rates and housing prices will show a negative relationship.
Correct Answer:
Verified
Q41: Q42: An economic model includes Q43: The study of economics Q44: One economist says that raising taxes on Q45: The largest part of what Australia produces Q47: Economics is BEST defined as Q48: Human resources that perform the functions of Q49: A student athlete is deciding whether to Q50: An incentive Q51: 
A)only normative statements.
B)only details
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