A higher interest rate will _____
Fill in the blank(s) with the appropriate word(s).
shift the consumption function downward.
Economics
You might also like to view...
Which of the following is an example of an automatic stabilizer?
A) Congress increases the tax rate during an expansion. B) Congress authorizes spending increases during a recession. C) More unemployment benefits are paid during a recession. D) Welfare payments decrease during a recession.
Economics
The above figure shows the Lorenz curves for four different countries. Which country has the most unequal distribution of income?
A) country A B) country B C) country C D) country D
Economics