If People Expect Higher Incomes in the Future,then Spending Today

question 124

Multiple Choice

If people expect higher incomes in the future,then spending today ________ and aggregate demand ________.

• A) increases; is unaffected
• B) increases; increases
• C) increases; decreases
• D) decreases; decreases
• E) is unaffected; is unaffected

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Definitions:

Interpersonal Skills

The abilities that enable a person to interact effectively and harmoniously with other individuals.

Classroom Training

A traditional form of instruction in an educational institution where a teacher provides the lesson in person.

Informal Learning

The acquisition of knowledge, skills, and competencies in a natural manner, through daily activities and experiences, as opposed to structured, formal training.

Safety Regulations

Rules and guidelines designed to prevent accidents and injuries in the workplace or public areas.