Empirical evidence indicates that higher real interest rates lead to ________ in savings.
A. modest decreases
B. no change in
C. substantial increases
D. modest increases
Answer: D
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Today, Walt Disney World charges different customers different prices for admission. This pricing strategy is called
A) odd pricing. B) arbitrage. C) cost-price pricing. D) price discrimination.
If the price of the good described in Exhibit 4-1 is $1.60, then an economist would expect the
a. price to decrease to $1.40 b. price to decrease to $1.50 c. quantity supplied to increase to 50 units d. quantity demanded to increase to 80 units e. quantity demanded to increase to 90 units
A(n) _____ implies an increase in human capital
a. addition of a new machine that laborers use in production b. increase in wealth c. more educated labor force d. increase in the number of schools in a country e. increase in the quantity of the capital used by a firm
Economic income is equal to consumption plus changes in net worth.
Answer the following statement true (T) or false (F)