Everything Else Held Constant,a Decline in Interest Rates Will Cause

question 56

Multiple Choice

Everything else held constant,a decline in interest rates will cause spending on housing to

• A)fall.
• B)remain unchanged.
• C)either rise,fall,or remain the same.
• D)rise.

---

Definitions:

Profit

The difference between what it costs to make and sell a product and what a customer pays for it.