An Increase in the Interest Rate Will Necessarily Result in a Decrease

question 61

True/False

An increase in the interest rate will necessarily result in a decrease in the present value of a given stream of positive incomes.

---

Definitions:

Russian Economist

An expert or scholar in economics who is from Russia or specializes in the Russian economy.

Nikolai Kondratiev

A Russian economist best known for proposing the theory of Kondratiev waves, long-term economic cycles based on technological innovation.

Economic Growth

The increase in the market value of the goods and services produced by an economy over time, often measured as the percentage increase in real gross domestic product (GDP).

Social Construction

A theory that posits knowledge, identities, and realities are created or constructed through social processes and interactions rather than being inherently natural or biological.