Higher Real Interest Rates Indicate That People Who Are Saving

question 66

Multiple Choice

Higher real interest rates indicate that people who are saving now will be able to purchase more in the future. This statement is

• A) true.
• B) always false.
• C) never true.
• D) either true or false, depending on the rate of inflation.

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Definitions:

Good Neighbor Policy

A United States foreign policy doctrine adopted by President Franklin D. Roosevelt in 1933, aimed at fostering good relations with Latin American countries.

Organized Labor

A collective of workers united to negotiate with employers for better wages, working conditions, and benefits, typically through the formation of unions.

New Deal Era

A period in the 1930s during which President Franklin D. Roosevelt implemented policies to counter the Great Depression, focusing on relief, recovery, and reform.

New Deal Legacy

The lasting effects and changes brought about by President Franklin D. Roosevelt's New Deal, a series of programs and policies to recover the United States from the Great Depression.