A Change in Interest Rates Would Shift the Consumption Schedule

question 100

Multiple Choice

A change in interest rates would shift the consumption schedule and the saving schedule ; a change in taxes would shift these two schedules _.

• A)in the same direction; also in the same direction
• B)in the same direction; in opposite directions
• C)in opposite directions; also in opposite directions
• D)in opposite directions; in the same direction

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Definitions:

Goods And Services

Physical items that satisfy human wants and provide benefits, and intangible activities or benefits that are exchanged between parties.

Willingness And Ability

The readiness and capacity of an individual or group to engage in a particular activity or transaction.

Consumers

Consumers are individuals or entities that purchase goods and services for personal use and not for manufacture or resale.

Distribution

The process of making a product or service available for the consumer or business user that needs it, which can include warehousing, transportation, and logistics.