A rise in the interest rate will generally result in people consuming less when they are old if the substitution effect outweighs the income effect.

Name: A rise in the interest rate will generally result in people consuming less when they are old if the substitution effect outweighs the income effect.
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The Answer of A rise in the interest rate will generally result in people consuming less when they are old if the substitution effect outweighs the income effect.

A Rise in the Interest Rate Will Generally Result in People