Multiple Choice
What does a higher interest rate induce people to do?
A) save more, so the supply of loanable funds slopes upward
B) save less, so the supply of loanable funds slopes downward
C) invest more, so the supply of loanable funds slopes upward
D) invest less, so the supply of loanable funds slopes downward
Correct Answer:
Verified
Correct Answer:
Verified
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