Answer:
1. Increases in demand will increase both the interest rate and the total amount of borrowing and lending. Decreases in demand will decrease both the interest rate and the total amount of borrowing and lending.
Explanation:
<span>Money is anything that people are willing to accept to use for payment for goods and services.The purpose of money can be described as follows:
</span>store of value - money is a way of saving for future purchases
unit of account - money <span>represents the real value (or cost) of any economic item.</span><span>
medium of exchange- </span>Money serves as a medium of exchange.
The contingency approach to management is based on the idea that there is no single best way to manage. Contingency refers to the immediate contingent circumstances. Effective organizations must tailor their planning, organizing, leading, and controlling to their particular circumstances.
Speak with confidence
encourage the interviewer to do most of the talking- after all he is the interviewer, you don't want to dominate the interview
An inferior good is a type of welfare whose demand decreases when consumer income increases or demand increases when consumer income decreases. Therefore, if a consumer considers shirts to be inferior goods, the way he will stop consuming it will be when there is a real increase in his income.
In the case narrated, Alex had an increase in salary and remained working for the same number of hours. This means that with the same job, he will have a higher income, meaning there was a real increase in Alex's income. If he considers the $ 3 shirts a much lower asset, he will lessen the demand for it.
