Multiple Choice
If an individual is a debtor, an increase in the interest rate
A) increases current consumption.
B) decreases current consumption.
C) has no effect on current consumption.
D) will either increase or decrease current consumption depending on the size of the income and substitution effects.
Correct Answer:
Verified
Correct Answer:
Verified
Q248: The relationship between output growth and unemployment
Q249: Productivity tends to<br>A) rise during contractions.<br>B) fall
Q250: The real wage rate measures the amount
Q251: The real wage rate is the nominal
Q252: Which of the following is not one
Q254: According to the life-cycle theory of consumption,
Q255: Due to an increase in the birthrate,
Q256: Firms report that their workers are working
Q257: Which of the following causes a decrease
Q258: Refer to the information provided in Figure