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NYC NYC
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8 years ago
Assume households have positive wealth. If the income effect is ________ the substitution effect, an increase in interest rates will decrease saving and increase consumption spending by households.
A) unrelated to
B) equal to
C) less than
D) greater than
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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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
Perfect answer, thank you
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