When a Person Gets an Increase in Current Income,what Is

question 89

Multiple Choice

When a person gets an increase in current income,what is likely to happen to consumption and saving?

• A)Consumption increases and saving increases.
• B)Consumption increases and saving decreases.
• C)Consumption decreases and saving increases.
• D)Consumption decreases and saving decreases.

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Definitions:

Phosphate

A chemical compound containing the phosphate ion, PO4^3-, involved in many biological processes including energy transfer.

Kinetic Energy

Energy associated with motion.

Chemical Bonds

The attractive forces that hold atoms together in compounds, resulting from the sharing or transferring of electrons.

Potential Energy

Stored energy in a potentially usable form, as a result of location or spatial arrangement.