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The Recession of 2008-2009 Demonstrated That ________

Question 22

Multiple Choice

The recession of 2008-2009 demonstrated that ________.


A) consumption is especially sensitive to changes in the retirement age
B) changes in wealth can be a major source of fluctuations in consumption
C) as consumers get older,they tend to exhaust all their savings
D) permanent income is something of a misnomer

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