a$.$ In what ways does a higher real interest rate increase your opportunity cost of consumption?

$$A higher real interest rate raises the cost of borrowing.

$$A higher real interest rate increases the attractiveness of consumption relative to saving.

$$A higher real interest rate increases the attractiveness of saving relative to consumption.

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b$.$ Your consumption

when the real interest rate drops.

c$.$ If other consumers made similar changes to their consumption, a drop in the real interest rate would cause aggregate expenditure to