A shift in income distribution from wealthy individuals to poor individuals is likely to
A) increase consumer debt.
B) increase the national propensity to consume.
C) leave the national propensity to consume unchanged.
D) decrease the national propensity to consume.
Correct Answer:
Verified
Q1: The term, "dis-saving" means
A) having no respect
Q2: Those who currently have no savings and
Q4: Consumer debt as a percentage of national
Q5: What is the wealth effect?
A) The tendency
Q6: Assume that Sam has $2000 in savings
Q7: Brad and Angie own a nice house
Q8: Why consumers tend to purchase less if
Q9: How do banks create money?
A) Banks print
Q10: Assume that the Federal Reserve sets a
Q11: The availability of credit makes an economy
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