Suppose the interest rate grows from 6 percent to 8 percent and the volume of current saving
Fantastic news! We've Found the answer you've been seeking!
Question:
Suppose the interest rate grows from 6 percent to 8 percent and the volume of current saving advances at the same time from $125 billion to $130 billion. This simultaneous movement in interest and savings volume describes the:
A. Income Effect
B. Substitution Effect
C. Wealth Effect
D. Inflation affects.
E None of the above
Related Book For
Posted Date: