John makes it a point to save a portion of his salary every month. Assuming all else equal, if the real interest rate increases, it is likely to cause:
A) a downward movement along John's credit supply curve.
B) John's credit supply curve to shift to the left.
C) John's credit supply curve to shift to the right.
D) an upward movement along John's credit supply curve.
D
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A depression is a particularly severe and protracted recession
Indicate whether the statement is true or false
The above figure shows the domestic supply of and domestic demand for an imported good. The world price is $15 per unit
a. At the world price of $15 per unit, what is the domestic consumption and domestic production? b. At the world price of $15 per unit, what is the quantity imported? c. If the government imposes a tariff of $5 per unit, what is the domestic consumption and domestic production? d. With the $5 per unit tariff, what is the quantity imported? e. How much revenue does the government collect with a tariff of $5 per unit?