A decrease in net wealth will
A)increase consumption and saving at each level of income
B)increase saving and decrease consumption at each level of income
C)decrease consumption and saving at each level of income
D)increase consumption and decrease saving at each level of income
E)have no effect on consumption,since consumption is a function of income

Question

Quizplus · Accepted Answer

The Answer of A decrease in net wealth will
A)increase consumption and saving at each level of income
B)increase saving and decrease consumption at each level of income
C)decrease consumption and saving at each level of income
D)increase consumption and decrease saving at each level of income
E)have no effect on consumption,since consumption is a function of income

A Decrease in Net Wealth Will