Which of the following statements is true?
A) If the opportunity cost of current consumption is high, people will save more.
B) If the opportunity cost of current consumption is high, people will save less.
C) If the opportunity cost of current consumption is high, the inflation rate will increase.
D) If the opportunity cost of current consumption is high, the unemployment rate will decrease.
Correct Answer:
Verified
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Q51: List four reasons people save.
Q52: The opportunity cost of current consumption is
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Q56: Savers are willing to lend out money
Q57: Everything else remaining unchanged,what is likely to
Q58: Assuming all else equal,any change that causes
Q59: Which of the following statements is true?
A)
Q60: Which of the following statements is true?
A)
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