An increase in interest rates
(a) is likely to reduce savings
(b) is likely to reduce external value of currency
© Leads to a shift in the MEC schedule
(d) Leads to a movement along MEC schedule.
(a) is likely to reduce savings
(b) is likely to reduce external value of currency
© Leads to a shift in the MEC schedule
(d) Leads to a movement along MEC schedule.