When interest rates go up, 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
b
You might also like to view...
If the price of output increases, the marginal revenue product curve will shift ________ and the profit maximizing quantity of labor demanded will ________.
A. up; increase B. up; decrease C. down; increase D. down; decrease
The labor force includes individuals who are:I.EmployedII.UnemployedIII.Discouraged workers
A. I only B. Both I and II C. Both I and III D. All I, II and III
When a nation removes a tariff on a product, this policy action
A. hurts nations exporting the product. B. benefits consumers of the product. C. benefits domestic producers of the product. D. benefits the government.
In the financial industry, "securitization" refers to:
A. increasing insurance protection on bank deposits. B. requiring greater down payments on home purchases to reduce mortgage default risk. C. bundling groups of loans, bonds, mortgages, and other financial debts into new securities. D. increasing collateral requirements on loans.