As the aggregate price level in an economy rises: A. interest rates increase.
Price can be defined as an amount of money which is primarily set by the seller of a product, and it must be paid by a buyer to the seller, so as to enable the acquisition of this product.
An economy is a function of how the various means of production, money, and scarce resources are carefully allocated and used to facilitate the demand and supply of goods and services in a country, so as to efficiently and effectively meet the unending needs or requirements of consumers.
According to economists, there is the potential to achieve efficiency in the level of production in any economy in which economic decisions are guided by both prices and individual self-interest.
This ultimately implies that, interest rates increase as the aggregate price level in an economy rises and imports decrease as the aggregate price level in an economy falls.
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Complete Question:
As the aggregate price level in an economy rises, __________.
A. interest rates increase
B. consumer demand increases
C. exports decrease
D. investment increases
