Last week, the central bank took steps to lower the discount rate by one percentage point. This means that
A) the opportunity cost of current consumption has fallen.
B) the opportunity cost of future consumption has fallen.
C) the cost of borrowing has risen.
D) households will save more money to make up for lost interest earnings.
Correct Answer:
Verified
Q27: The slope at any point on an
Q28: Claudia spends all of her income on
Q29: Suppose Roberto always consumes two packets of
Q30: The marginal rate of substitution between two
Q33: Indifference curves tend to be bowed inward
Q34: Nathalie is maximizing total utility while consuming
Q36: Indifference curves for perfect substitutes are
A) right
Q206: An individual's demand curve for a good
Q281: If the price of hamburgers increases,the substitution
Q311: If a good is a Giffen good,then
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents