If the interest rate rises, an individual could choose to
a. increase consumption when young.
b. increase consumption when old.
c. decrease consumption when young.
d. Any of the above could be correct.
d
Economics
You might also like to view...
Over the past couple of years, prices for personal computers have fallen dramatically, but suppliers have offered more and more of them for sale. Does this refute the law of supply? Explain
Economics
Indifference curves have a bowed-out shape because of diminishing marginal utilities
a. True b. False Indicate whether the statement is true or false
Economics