If the interest rate increases from 3 to 4 percent,other things constant,individuals will want to _____

Name: If the interest rate increases from 3 to 4 percent,other things constant,individuals will want to _____
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When the interest rate increases, it becomes more attractive to save money since the return on savings increases. On the other hand, borrowing becomes more expensive due to higher interest rates. Therefore, individuals will want to save more and borrow less.

If the Interest Rate Increases from 3 to 4 Percent,other