If the real interest rate rises, people
A) save more.
B) save less.
C) earn a higher real wage rate.
D) decrease their expected future income.

Name: If the real interest rate rises, people A) save more. B) save less. C) earn a higher real wage rate. D) decrease their expected future income.
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

When the real interest rate rises, the return on savings increases, making it more attractive for people to save more of their income.

If the Real Interest Rate Rises, People