Consider an Individual for Whom Consumption in Two Periods Is

question 16

Multiple Choice

Consider an individual for whom consumption in two periods is a normal good.Other things remaining the same,if the interest rate increases,then:

• A)he is worse off.
• B)he is better off.
• C)he will spend more in each period.
• D)he will choose to save more.

---

Definitions:

Reaction Sequence

A series of chemical reactions carried out one after another, where the product of one reaction serves as the reactant for the next.

Synthetic Synthesis

The process of artificially creating complex chemical compounds from simpler ones, often used in pharmaceuticals and materials science.

Organic Structure

The arrangement of atoms within an organic molecule, defining its specific chemical properties and reactivity.

Reaction Sequence

A series of chemical reactions performed in a specific order to transform a starting material into a desired product through intermediate compounds.