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Home Q & A Board Other Fields Homework Help Business Economics
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szehim2009 szehim2009
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A year ago
The following table lists some economic agents and their intentions. At present the interest rate is 5 percent.

WhoIntentAmount Needed
Mike Save for child's college$50,000
SophieBuy a car$10,000
Pie's PizzaExpand restaurant$100,000
SaraSave for retirement$100,000

Refer to the table above. Why might Mike decide to decrease his saving?

▸ He wants to buy a new car.

▸ He loses his high-paying job.

▸ The interest rate is increasing.

▸ All the above statements could be true.
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Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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chinwe20chinwe20
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A year ago
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szehim2009 Author
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A year ago
You make an excellent tutor!
smdavis
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Yesterday
Thanks for your help!!
Brownr40
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2 hours ago
Brilliant ツ
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