If interest rates are high, the future payoff for every dollar saved is low.
Answer the following statement true (T) or false (F)
False
If interest rates are high, the future payoff for every dollar saved is high.
You might also like to view...
Deciding if a company will produce automobiles by robotics or manual labor answers the economic question of
A) how will the products be produced. B) who consumes the products produced. C) where will the products be consumed. D) what products will be produced.
Assume that an individual has to choose between two options: buying a mobile phone, or buying an iPod. The expected cost of buying a phone is $700 and the expected benefit is $900
The expected cost of buying an iPod is $300, and the expected benefit is $600. How does the individual arrive at the optimal choice if he implements: a) optimization in levels? b) optimization in differences?
States with no-fault automobile insurance have lower crash fatality rates than states with ordinary automobile insurance
Indicate whether the statement is true or false
Consider the above figure. At a price level of 120
A) total planned real expenditures exceed total planned production. B) total planned production exceeds total planned expenditures. C) prices would fall. D) inventories would begin to accumulate.