Everything Else Held Constant,an Increase in Interest Rates on Student

question 53

Multiple Choice

Everything else held constant,an increase in interest rates on student loans

• A)increases the cost of a college education.
• B)reduces the cost of a college education.
• C)has no effect on educational costs.
• D)increases costs for students with no loans.

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Definitions:

Proceed

To proceed means to move forward or continue with an action or process after a pause or interruption.

Legal Aid

A service designed to provide free or low-cost legal assistance to those unable to afford legal representation.

Yearly Return

The amount of profit or loss realized from an investment over a one year period, usually expressed as a percentage.

Fixed Costs

Costs that do not change with the level of output or activity, over a certain period or range of production.