The interest-rate-based monetary policy transmission mechanism emphasizes the
A) indirect effect of a change in the money supply that operates via a change in total planned expenditures generated by a change in the interest rate.
B) direct effect of a change in the money supply that operates via a change in total planned production generated by a change in the price level.
C) direct effect of a change in the money supply that operates via a change in total planned expenditures generated by a change in the interest rate.
D) indirect effect of a change in the money supply that operates via a change in total planned production generated by a change in the price level.
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