When Individuals Become More Willing to Save Because Their Incomes

question 50

Multiple Choice

When individuals become more willing to save because their incomes have increased, the interest rate ______ and borrowing ______.

• A) increases; increases
• B) increases; decreases
• C) decreases; decreases
• D) decreases; increases

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Definitions:

Voluntary Behaviors

Actions that are performed as a result of conscious choice or decision.

Cognitive Learning

Learning that involves mental processes like thinking, knowing, remembering, and problem-solving, highlighting how we understand and apply knowledge.

Operant Conditioning

A learning process in which the strength of a behavior is modified by reinforcement or punishment.

Voluntary Behavior

Actions performed by an individual that are done by choice, with conscious control.