If an Individual Is a Debtor

question 116

Multiple Choice

If an individual is a debtor,

• A) the substitution effect of an interest rate increase is zero.
• B) the income effect of an interest rate increase is zero.
• C) the income and substitution effects of an increase in the interest rate work in the same direction.
• D) the income and substitution effects of an increase in the interest rate work in opposite directions.

---

Definitions:

Electrolytes

Minerals in body fluids that carry an electric charge, important for hydration, blood pH, and nerve and muscle function.

Hormones

Chemical messengers produced by glands that regulate physiological and behavioral activities.

Plasma

The liquid component of blood in which blood cells are suspended, consisting mostly of water, proteins, electrolytes, hormones, and nutrients.

A Antigens

Substances found on the surface of red blood cells that determine the A blood type in the ABO blood group system.