Problem
Economists are fairly certain that a rise in the price of most goods will cause people to consume less of those goods, but they are not sure whether a rise in interest rates will cause people to save more. Use the ideas of substitution and income effects to explain why economists are confident of the conclusion in the first case but not in the second.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.