True
Substitution effect
As the OCR increases it is highly likely that banks will increase their retail interest rates. As they do this borrowing will become relatively more expensive so there will be more incentive to save. So consumption a component of Aggregate demand will decrease causing aggregate demand to decrease which will than decrease Demand pull inflation
A good synonym for "incentive" is "motive".
CAPITAL Incentive DMC - The best company in the Canary Islands.
Here's the answer: Photographers never have much incentive to show the world as it is.
Substitution effect
It suggest that at lower price buyers have the incentive to substitute what is now less expensive products for other products that are now relatively more expensive.
As the OCR increases it is highly likely that banks will increase their retail interest rates. As they do this borrowing will become relatively more expensive so there will be more incentive to save. So consumption a component of Aggregate demand will decrease causing aggregate demand to decrease which will than decrease Demand pull inflation
What was a price incentive
Incentive approach to motivation
A good synonym for "incentive" is "motive".
Incentive Software was created in 1983.
Incentive Records was created in 1999.
The Incentive was created on 2011-09-29.
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Some antonyms for the noun incentive are hindrance or discouragement. Some antonyms for the adjective incentive are discouraging, unappealing, or uninteresting.
Shelly has no incentive to exercise during summer break. Incentive payments were made to farmers who reduced their use of irrigation.