Solved

If Claudette Gets a Permanent Increase in Her Income of $1000

Question 19

Multiple Choice

If Claudette gets a permanent increase in her income of $1000 per year,she saves an extra $200 this year and consumes an extra $800 this year.If the increase in income had been temporary instead of permanent,she would have saved ________ of the extra income.


A) More than $200
B) Less than $200
C) Exactly $200
D) None

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions