Examlex
With which of the following does the processor begin fetching a second instruction before it completes the machine cycle for the first instruction?
Substitution Effect
The economic principle that as prices rise or income decreases, consumers replace more expensive items with less costly alternatives.
Normal Goods
Goods for which demand increases as consumer income rises, and decreases when consumer income falls.
Interest Rate
The cost of borrowing money or the return on investment, expressed as a percentage, charged by lenders to borrowers for the use of their money.
Substitution Effect
The change in demand for a good or service caused by a change in its price, making consumers replace it with a cheaper alternative.
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