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