Refer to the following figure when answering the following questions.
Figure 11.7: Life Cycle Hypothesis
-Consider Figure 11.7 of the life-cycle hypothesis. Area(s) ________ is/are (a) period(s) of ________, and area(s) ________ is/are (a) period(s) of ________.
A) A; borrowing; B; dissaving
B) A; saving; B; borrowing
C) B; dissaving; A and C; borrowing
D) A and C; dissaving; B; borrowing
E) None of these answers is correct.
Correct Answer:
Verified
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