A Falling Interest Rate Affects the Demand for Consumer __________

question 125

Multiple Choice

A falling interest rate affects the demand for consumer __________ and shifts the AD curve to the __________.

• A) nondurables; right
• B) nondurables; left
• C) durables; right
• D) durables; left

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Definitions:

South African Law

The legal system governing the Republic of South Africa, encompassing its statutes, case law, and legal principles.

Reasonable Care

The degree of caution and concern an ordinarily prudent and rational person would use in similar circumstances.

Faulty Handrail

A handrail that is defective, broken, or improperly installed, posing a safety risk.

Assumption of the Risk

A legal doctrine that a person may not recover for injuries received from a dangerous activity if they voluntarily exposed themselves to the danger with full knowledge of the risks.