If People (Who Used to Neither Borrow nor Save)are Now

question 12

Multiple Choice

If people (who used to neither borrow nor save) are now borrowing to put their kids through college then this will cause the equilibrium interest rate

• A)to rise.
• B)to fall.
• C)to fluctuate wildly.
• D)to remain constant.

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Definitions:

Consumer Product Safety Commission

The U.S. government agency that monitors and regulates the safety of products sold to consumers, aiming to prevent harm from defective or dangerous items.

Unsafe Products

Goods or products that pose a risk or danger to consumers due to design, manufacturing, or labeling defects.

Lead-paint

A toxic paint that contains lead compounds, historically used in buildings and on products, which can cause lead poisoning, especially harmful to children.

Wyeth V. Levine

A landmark Supreme Court case that upheld the principle of state law tort claims regarding pharmaceutical labeling, affirming the right of individuals to sue drug manufacturers for damages.