A Change in Household Tastes and Preferences Reduces the Rate

question 87

Multiple Choice

A change in household tastes and preferences reduces the rate of saving. The market interest rate _____, and the quantity of capital _____.

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

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Definitions:

Professional Behavior

Conduct or actions that are deemed appropriate and ethical in a professional setting.

Teamwork

The collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.

Primary Job

The main occupation or role that a person holds, usually the source of most of their income.

Professionalism

The conduct, aims, or qualities that characterize or mark a profession or professional person; it embodies a standard of behavior and knowledge expected from individuals in a specific field.