Asked by Paytonn Burrows on Jun 17, 2024
Verified
When tax code changes increase saving incentives, the interest rate will _____ and investment will _____.
Saving Incentives
Financial or policy incentives designed to encourage individuals or companies to save money rather than spend it.
Interest Rate
The cost of borrowing money, typically expressed as an annual percentage of the principal.
Investment
The action or process of investing money for profit or material result.
- Acquire knowledge about the importance of saving and investment incentives in shaping economic policy.
Verified Answer
BE
Learning Objectives
- Acquire knowledge about the importance of saving and investment incentives in shaping economic policy.