Author Question: Refer to Figure 16.1. An increase in the real interest rate is best represented by a movement from ... (Read 45 times)

Shelles · **on:** Jun 30, 2018

Refer to Figure 16.1. An increase in the real interest rate is best represented by a movement from

A) point A to point B.
B) point B to point A.
C) point A to point C.
D) point C to point A.

Question 2

According to the permanent income hypothesis, permanent income is to ________ as transitory income is to ________.

A) consumption; saving
B) certain; hypothetical
C) wealth; gambling
D) saving; borrowing