If the Interest Rate Increases from 3 to 4 Percent,other

question 148

Multiple Choice

If the interest rate increases from 3 to 4 percent,other things constant,individuals will want to _____

• A)both save and borrow more.
• B)both save and borrow less.
• C)save more and borrow less.
• D)save less and borrow more.
• E)borrow more but save the same amount.

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Definitions:

Personality Inventory

A questionnaire or other standardized instrument designed to reveal aspects of an individual's character or psychological makeup.

Big Five Trait Dimension

A model proposing five main dimensions used to describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Careless

Showing a lack of concern or thought for the consequences of an action or decision.

Person-Situation Controversy

The debate in psychology regarding the influence of personality versus situational factors on an individual's behavior.