As the real interest rate increases, households will make less purchases on credit cards.
Answer the following statement true (T) or false (F)
True
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An increase in demand is shown graphically by
A) a shift of the demand curve to the left. B) a movement up along the existing curve. C) a shift of the demand curve to the right. D) a movement down the existing curve.
The typical workweek of a U.S. worker has fallen over the last century from about:
a. 50 hours per week to less than 40 hours per week. b. 60 hours per week to less than 40 hours per week. c. 40 hours per week to less than 30 hours per week. d. 70 hours per week to less than 60 hours per week.
The saving-investment diagram shows that a higher real interest rate due to a leftward shift of the saving curve
A. raises the profitability of investment for firms. B. causes the amount of firms' investment to increase. C. causes the total amounts of saving and investment to fall. D. increases the total amount of saving because of the increase in the real interest rate.
The approximate probability of a value occurring that is greater than one standard deviation from the mean is approximately (assuming a normal distribution)
a. 68.26% b. 2.28% c. 34% d. 15.87% e. none of the above