Multiple Choice
Which of the following is most likely to result from a rising household debt/income ratio?
A) Household income will rise rapidly.
B) Household consumption will fall as a share of income.
C) Households will be in a better position to deal with unexpected events that force major adjustments.
D) A larger share of household income will be required to meet interest payments on debt.
Correct Answer:
Verified
Correct Answer:
Verified
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