Multiple Choice
The life-cycle hypothesis predicts what consequence of aging of the overall population? [That is,an increase in T,relative to R & L.]
A) a decrease in the marginal propensity to consume out of wealth
B) an increase in aggregate saving
C) a decrease in the marginal propensity to consume out of income
D) an increase in aggregate wealth
Correct Answer:
Verified
Correct Answer:
Verified
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