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0 votes
3.4k views
in Consumption and Investment Functions by (49.7k points)

Lower interest rates are likely to: 

(a) Decrease in consumption 

(b) increase cost of borrowing 

(c) Encourage saving 

(d) increase borrowing and spending

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1 Answer

+1 vote
by (48.8k points)

(d) increase borrowing and spending

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