Question
An increase in interest rate will cause: Both consumption and savings to fall. A decline in consumption but savings will increase. A decline in savings
An increase in interest rate will cause:
Both consumption and savings to fall.
A decline in consumption but savings will increase.
A decline in savings but consumption will increase.
Both consumption and savings to remain unchanged.
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Introductory Econometrics A Modern Approach
Authors: Jeffrey Wooldridge
7th Edition
1337558869, 978-1337558860
