Real world economic data supports the view that higher interest rates are associated with ________
A) higher saving and consumption
B) lower saving and higher consumption
C) higher saving and lower consumption
D) lower saving and consumption
C
You might also like to view...
Productivity is measured as output per unit of productive input
a. True b. False Indicate whether the statement is true or false
If firms were charged the full social opportunity cost of the resources they used, there would be
A. A need for government intervention. B. Market failure. C. No external costs. D. Government failure.
An industry where a change in the number of firms does not affect the prices of the resources used in the industry will have a long run supply curve that is:
A. Vertical B. Horizontal C. Upsloping D. Downsloping
If the U.S. interest rate differential increases, in the foreign exchange market the demand for U.S. dollars ________ and the supply of U.S. dollars ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases