Which of the Following Is True

question 248

Multiple Choice

Which of the following is true?
I. As the real interest rate increases, people increase the quantity they save.
II. The supply of loanable funds curve is downward sloping.
III. As disposable income increases, the supply of loanable funds curve becomes steeper.

• A) II and III
• B) I and III
• C) I only
• D) III only

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Definitions:

Race

A social construct used to categorize humans based on physical characteristics, ancestry, historical affiliation, or shared culture.

Ethnicity

A category of people who identify with each other based on shared ancestral, social, cultural, or national experiences.

Ecological-Systems Approach

A theory that emphasizes the multiple environments, or systems, that influence human development.

Microsystem

In the context of ecological systems theory, a pattern of activities, roles, and interpersonal relations experienced by an individual in a given setting with immediate context.