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Problem regarding the rate of interest

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Reference no: EM131046138

In this question, C = consumer spending, Y = income, r = the rate of interest, and P = prices. From the expression C = C(Y,r,P), we know that:

A) C is the product of Y, r, and P

B) any change in C must be caused by a change in P

C) changes in C will cause changes in Y, r, and P

D) Y, r, and P are independent variables

Reference no: EM131046138

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