Aunt Agatha has just left her nephew $5000.The most likely response is for her nephew to
A)increase current consumption, but not future consumption.
B)decrease current consumption, but increase future consumption.
C)increase future consumption, but not current consumption.
D)increase both current consumption and future consumption.

Question

Quizplus · Accepted Answer

Receiving an unexpected sum of money, such as an inheritance, typically leads individuals to increase their spending in both the short term (current consumption) and save or invest a portion for the long term (future consumption), reflecting an overall increase in their consumption possibilities.

Aunt Agatha Has Just Left Her Nephew $5000