One Argument That Is Made Concerning the Low Rate of Saving

question 7

Multiple Choice

One argument that is made concerning the low rate of saving in the United States is that

• A) although savings is at almost historically low levels,the savings rate conceals the "hidden savings" from people concealing money in various places in their houses.
• B) although savings is at almost historically low levels,the savings rate conceals the "hidden savings" from people's equity in their homes.
• C) the next generation has a lower time preference than previous ones.
• D) the next generation is just plain lazy.
• E) the marginal benefit of saving has fallen relative to the marginal benefit of spending.

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