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smitch6 smitch6
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6 years ago
An increase in the real interest rate is an example of a
A) pure substitution effect.
B) substitution effect and a positive income effect.
C) substitution effect and a negative income effect.
D) substitution effect and an income effect whose sign depends on whether the consumer is initially a borrower or a lender.
E) positive substitution effect and a negative income effect.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
Author:
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Blade73Blade73
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#1
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6 years ago
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smitch6 Author
wrote...

6 years ago
Smart ... Thanks!
vernonb
wrote...

Yesterday
Brilliant ツ
jayfo05
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2 hours ago
this is exactly what I needed
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