Assuming No Kinks in Indifference Curves and Assuming Our Usual

question 3

True/False

Assuming no kinks in indifference curves and assuming our usual assumptions about tastes hold, someone who currently neither saves nor borrows will begin to borrow when the interest rate falls.

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Definitions:

Automating

The process of using technology or machinery to perform tasks with minimal human intervention.

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Formal suggestions or plans put forward for consideration, relating to the allocation of resources to generate financial gains.

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