An Increase in the Real Interest Rate

question 46

Multiple Choice

An increase in the real interest rate

• A) reduces savings
• B) shifts the current labour supply curve to the right.
• C) shifts the current labour supply curve to the left.
• D) reduces the real wage.
• E) reduces the labour supply.

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Definitions:

Diplomonads

A group of flagellated protozoa, often parasites, with two nuclei and multiple flagella, found in anaerobic environments.

Waterborne Disease

Illnesses caused by infectious agents that are transmitted through contaminated water.

Colonial Green Algae

A group of green algae that live together in a colony, where individual cells are often connected by cytoplasmic bridges and exhibit little differentiation.

Volvox

A genus of green algae forming spherical colonies that live in fresh water and are capable of photosynthesis and sexual and asexual reproduction.