You notice that when the inflation rate increases, the interest rate tends to increase. This observation indicates that
A) there might be false causality between inflation and the interest rate.
B) higher inflation rates must cause a higher interest rate.
C) the variables have an inverse relationship.
D) a scatter diagram of the inflation rate and the interest rate will show a positive relationship.
Correct Answer:
Verified
Q65: The economic resource that organises the use
Q66: Scarcity can be eliminated through
A) wise use
Q67: A good economic model
A) should not include
Q68: Q69: Human resources that perform the functions of Q71: The term "opportunity cost" points out that Q72: Your employer has asked you to start Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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