Examlex

Solved

A Rise in the Interest Rate Will Generally Result in People

question 39

True/False

A rise in the interest rate will generally result in people consuming more when they are old if the substitution effect outweighs the income effect.


Definitions:

Electra Conflict

A psychoanalytic theory describing a girl’s psychosexual competition with her mother for possession of her father.

Latency Period

A phase in Freudian psychology referring to an intermediate stage of psychosexual development in children, during which sexual instincts are temporarily inactive.

Repressed

A psychological term referring to thoughts, memories, or desires being unconsciously held back from conscious awareness.

Reaction Formation

A defense mechanism where unacceptable impulses or ideas are dealt with by exaggerating the opposite state of mind or type of behavior.

Related Questions