Author Question: If the interest rate increases from 3 percent to 4 percent, other things constant, individuals will ... (Read 63 times)

drink · **on:** Jun 30, 2018

If the interest rate increases from 3 percent to 4 percent, other things constant, individuals will want to
a. save and borrow more
b. save and borrow less
c. save more and borrow less
d. save less and borrow more
e. borrow more but save the same amount

Question 2

The current account reflects
a. trade in tangible products
b. trade in goods as well as services
c. trade in services only
d. the purchase of securities from foreigners
e. the sale of securities to foreigners