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greymouse15Lv1
18 Aug 2020
If there is a decrease in disposable income in an economy, then consumption:
A. Decreases and saving increases.
B. Increases and saving decreases.
C. And saving both increase.
D. And saving both decrease.
If there is a decrease in disposable income in an economy, then consumption:
A. Decreases and saving increases.
B. Increases and saving decreases.
C. And saving both increase.
D. And saving both decrease.
8 Sep 2021
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Prachi DabasLv10
29 Sep 2020
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Related textbook solutions
Related questions
Assume that consumption when young and consumption when old are both normal goods. The income effect of an increase in the interest rate will result in:
| a. |
a decrease in saving when young. |
|
| b. |
a decrease in saving when old. |
|
| c. |
an increase in saving when old. |
|
| d. |
an increase in saving when young. |
