Regarding government manipulation of the interest rate, all of these statements are correct, except   a.  generally, the price system reflects public preference between present and future resource allocation.     b.  such manipulations may give little thought to the effects on resource allocation between present and future.     c.  to address business fluctuations, governments may reduce interest rates to induce people to borrow.     d.  economists agree with the concept of using of interest rates to allocate resources among different time periods.

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