Multiple Choice
What would be an economist's opinion of the statement: "It is possible for aggregate demand to be reduced by high and rising consumer debt"?
A) They would disagree because rising debt won't lead consumers to decide to reduce their spending.
B) They would agree because rising debt may lead consumers to decide to reduce their spending.
C) They would disagree because consumers are responsible for all fluctuations in the economy.
D) They would agree because consumers are responsible for all fluctuations in the economy.
Correct Answer:

Verified
Correct Answer:
Verified
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