The Effect of Changes in Wealth on Consumers' Spending Is

Multiple Choice

The effect of changes in wealth on consumers' spending is

A) significantly higher if the change in wealth arises from the housing market rather than the stock market.
B) significantly lower if the change in wealth arises from the housing market rather than the stock market.
C) significantly higher if the change in wealth arises from saving rather than from the housing market.
D) not dependent on the type of wealth.