When interest rates go up, people are
a. more likely to borrow
b. less likely to borrow
c. does not affect a person's consumption
d. None of the above
b
Economics
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Indicate whether the statement is true or false
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What is the best outcome for society: When firms in an oligopoly operate as a monopoly or when they act as perfect competitors? Briefly explain your answer
What will be an ideal response?
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