When interest rates go down, people are
a. more likely to borrow
b. less likely to borrow
c. does not affect a person's consumption
d. None of the above
a
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The EU currently is a preferential trade agreement with no governmental institutions
Indicate whether the statement is true or false
Regarding taxation and efficiency, which of the following statements is not true? a. Many inefficiencies arise from taxation. b. Many burdens arise from taxation. c. Some taxes lead to greater efficiency
d. All of the above statements are true.
Involuntary part-time workers are:
A. chronically unemployed. B. not counted as unemployed. C. short-term unemployed workers. D. considered out of the labor force.
If a $50 billion decrease in investment spending causes income to decline by $50 billion in the first round of the multiplier process and by $25 in the second round, the multiplier in the economy is:
A. 2. B. 3.33. C. 5. D. 10.