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    Principles of Macroeconomics Study Set 12
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    Exam 15: Household and Firm Behavior in the Macroeconomy: a Further Look
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    According to the Life-Cycle Theory of Consumption, People Tend to Consume
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According to the Life-Cycle Theory of Consumption, People Tend to Consume

Question 264

Question 264

Multiple Choice

According to the life-cycle theory of consumption, people tend to consume ________ they earn during their early and later years.


A) more than
B) less than
C) the same as
D) an amount unrelated to what

Correct Answer:

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