An unexpected decrease in nonlabor income will have a negative effect on a household's consumption.

Name: An unexpected decrease in nonlabor income will have a negative effect on a household's consumption.
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Question

Quizplus · Accepted Answer

Nonlabor income includes sources such as rental income, investment income, and government benefits. A decrease in nonlabor income means there is less money available for a household to spend, which will likely result in a decrease in consumption.

An Unexpected Decrease in Nonlabor Income Will Have a Negative