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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 4
Circle the letter that corresponds to the best answer. Twenty years from now our disposable income will rise from $30 trillion to $31 trillion. On the basis of past trends in saving habits of American consumers, what would be your best guess regarding the increase in consumption during this period?
A) $50 billion
B) $500 billion
C) $950 billion
D) $1.05 trillion
A) $50 billion
B) $500 billion
C) $950 billion
D) $1.05 trillion
Explanation
Verified
Verified
When income increases, consumption also ...
Macroeconomics 11th Edition by Stephen Slavin
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