Everything Else Remaining the Same, a Decrease in Expected Future

question 111

Multiple Choice

Everything else remaining the same, a decrease in expected future income ________ current consumption expenditure and ________ saving.

• A)increases; increases
• B)increases; decreases
• C)decreases; increases
• D)decreases; decreases
• E)does not change; does not change

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Definitions:

AFL

American Federation of Labor, a national federation of labor unions in the United States which aims to improve employment conditions.

Demands

Demand refers to the quantity of a good or service that consumers are willing and able to purchase at different prices.

Goodyear Tire And Rubber

A renowned tire and rubber manufacturing company known for its innovation and global footprint in the automotive industry.

United Steelworkers

A major labor union in the United States and Canada, representing workers in various industries, especially in manufacturing and steel production.