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NYC NYC
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8 years ago
At the beginning of 2007, Freddie planned to buy a new MP3 player, laptop computer, and SUV by borrowing money. Freddie already owes $15,000 on other loans. He also planned to buy new furniture and golf clubs out of current income. A decrease in interest rates during 2007 will most likely:
A) cause Freddy to decide to borrow less money and to spend less on goods purchased with current income.
B) cause Freddy to decide to borrow more money and to spend more on goods purchased with current income.
C) cause Freddy to decide to borrow less money, but not change what he planned to spend on goods purchased with current income.
D) cause Freddy to decide to borrow more money, but not change what he planned to spend on goods purchased with current income.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
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JesslynJesslyn
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8 years ago
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NYC Author
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#2
8 years ago
Thanks for answering Slight Smile
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