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Aunt Agatha Has Just Left Her Nephew $5000

Question 56

Multiple Choice

Aunt Agatha has just left her nephew $5000.The most likely response is for her nephew to


A) increase current consumption, but not future consumption.
B) decrease current consumption, but increase future consumption.
C) increase future consumption, but not current consumption.
D) increase both current consumption and future consumption.

Correct Answer:

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