What happens to consumer and business spending when the interest rates go up?
a. both types of spending increase
b. both types of spending decrease
c. consumer spending increase and business spending decreases
d. business spending increases and consumer spending decreases
which of the following was a lasting effect of the opec embargo in the 1970s on the u. s. economy?
a. higher gasoline prices
b. lower interest rates
c. reduced use of petroleum
d. reduced taxes

#1) What happens to consumer and business spending when the interest rates go up?

Out of all the options that are presented the one that best describes what happens to consumer and business spending when interest rates go up is answer choice B) Both types of spending decrease.

#2) Which of the following was a lasting effect of the OPEC embargo in the 1970's on the U.S. economy?

Out of all the options the one that represents a lasting effect of the OPEC embargo in the 1970’s on the U.S. economy is A) Higher gasoline prices. During this time there was stagflation and inflation. Also the creation of more fuel efficient cars.

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