Why do people borrow?
A) to engage in consumption smoothing
B) to sustain themselves through periods of unemployment
C) to fund unexpected expenditures
D) Each of these answers is correct.
Correct Answer:
Verified
Q28: What theory describes a pattern of early
Q29: Why is the demand for loanable funds
Q34: Why is the ability to borrow positively
Q42: The supply of savings function is:
A) upward
Q50: The lifecycle theory of savings predicts individuals
Q53: The supply of savings is positively sloped
Q63: In economics,investment refers to:
A) saving.
B) dissaving.
C) the
Q68: The demand to borrow function shows the
Q72: Which of the following is TRUE about
Q87: The demand to borrow function is:
A) upward
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