Historical data representing consumption and disposable income reveals that
A)during the 1930s, U.S.saving was at a high level.
B)U.S.citizens increased saving during World War II.
C)there is no systematic relationship between the two.
D)consumption rises faster than disposable income during recessions.

Question

Quizplus · Accepted Answer

Historical data shows that during World War II, U.S. citizens increased their saving, indicating a systematic relationship between consumption and disposable income. This choice is the best option as options A, C, and D are not supported by historical data.

Historical Data Representing Consumption and Disposable Income Reveals That