A fall in the real interest rate, all other things held constant, will cause a country's ________ to ________

A) current consumption: increase
B) current consumption: decrease
C) terms of trade; improve
D) terms of trade; worsen
E) welfare level; improve

A

Economics

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Indicate whether the statement is true or false

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Which types of models are built with assumptions?

a. economic models, but not models in other disciplines such as physics and biology b. economic models as well as models in other disciplines such as physics and biology c. models that are built for teaching purposes but not for research purposes d. bad models

Economics