Solved

As the Interest Rate Increases,consumers Will Tend to _____

Question 58

Multiple Choice

As the interest rate increases,consumers will tend to _____


A) increase their savings because of the higher opportunity cost of future consumption.
B) decrease savings because of their greater reliance on borrowing.
C) increase their savings because of the lower opportunity cost of current consumption.
D) decrease savings because of diminishing marginal utility.
E) increase savings because of the higher opportunity cost of current consumption.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents