In Order for Someone to Switch from Borrowing to Saving

question 4

True/False

In order for someone to switch from borrowing to saving when the interest rate falls, it must be that current consumption is an inferior good.

---

Definitions:

Transient Ischemic Attack

Often called a mini-stroke, it's a brief episode of neurological dysfunction caused by loss of blood flow to the brain, spinal cord, or retina, without lasting damage.

Acute Myocardial Infarction

A medical condition that occurs when blood flow to the heart is severely reduced or stopped, leading to heart muscle damage, commonly known as a heart attack.

Angina Pectoris

Chest pain or discomfort due to coronary heart disease, caused by reduced blood flow to the heart muscle.

Atrial Fibrillation

A heart condition characterized by irregular and often rapid heart rate that can increase the risk of strokes, heart failure, and other heart-related complications.