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Determinants of Consumption and Saving
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Problem 10
Determinants of Consumption and Saving
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15. Income and Consumption / Determinants of Consumption and Saving / Problem 10
Problem 10
If consumers expect a significant increase in their future income, how might this affect their current consumption?
A
Current consumption is likely to decrease.
B
Current consumption will depend solely on current income.
C
Current consumption will remain unchanged.
D
Current consumption is likely to increase.
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