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According to the Life-Cycle Hypothesis,as Consumers Get Older ________

Question 40

Multiple Choice

According to the life-cycle hypothesis,as consumers get older ________.


A) the marginal propensity to consume out of wealth and income rise
B) the marginal propensity to consume out of wealth falls and the marginal propensity to consume out of income rises
C) the marginal propensity to consume out of wealth rises and the marginal propensity to consume out of income falls
D) the marginal propensity to consume out of wealth and income fall

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