Increased Saving Today Means

question 189

Multiple Choice

Increased saving today means

• A)more consumption today and in the future
• B)less consumption today and in the future
• C)more consumption today and less in the future
• D)less consumption today and more in the future
• E)more income today, but the net effect of increased income on the balance between consumption and saving cannot be determined in advance

---

Definitions:

Nondurable Good

A good that is consumed or has a lifespan of less than three years, such as food or stationery.

B2B Product

Goods or services sold by one business to another, as opposed to products sold directly to consumers.

Durable Good

A type of good that does not quickly wear out and is used over a long period, such as appliances, cars, or furniture.

Consumer Product

A product intended for personal use or consumption by the general public, as opposed to products designed for industrial or commercial use.