Multiple Choice
Consumption is
A) positively related to household income and wealth and households' expectations about the future, but negatively related to interest rates.
B) negatively related to household income and wealth, interest rates, and households' expectations about the future.
C) determined only by income.
D) positively related to household income and wealth, interest rates, and households' expectations about the future.
Correct Answer:
Verified
Correct Answer:
Verified
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