An increase in first-period income results in

A) an increase in first-period consumption, an increase in second-period consumption, and an increase in saving.
B) an increase in first-period consumption, a decrease in second-period consumption, and an increase in saving.
C) a decrease in first-period consumption, an increase in second-period consumption, and an increase in saving.
D) an increase in first-period consumption, an increase in second-period consumption, and a decrease in saving.


A

Economics

You might also like to view...

What tools can unions use to increase the demand for union labor?

What will be an ideal response?

Economics

If the face value of a bond is $5,000 and the coupon is $200, what is the interest rate?

What will be an ideal response?

Economics

An effluent fee is an example of

A. a government policy to promote the production of a product with an external benefit. B. a government policy to correct for an external cost. C. a government policy to promote the production of a product with an external cost. D. a government policy to correct for an external benefit.

Economics

More than 80 percent of the world's income is earned by what percentage of the world's population?

A. 5 percent B. 10 percent C. 20 percent D. 40 percent

Economics