The Consumption Theories Proposed by Modigliani and Friedman Suggest That

question 101

Multiple Choice

The consumption theories proposed by Modigliani and Friedman suggest that during recessions consumers reduce

• A)consumption and maintain saving.
• B)saving and maintain consumption.
• C)consumption and saving.
• D)consumption and investment.

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Definitions:

Employee Loyalty

The dedication and commitment of workers to their employer, often resulting in longer tenure and high levels of organization engagement.

Distributive Justice

The perceived fairness of the distribution of resources within a society, emphasizing equitable access and allocation.

Vocal

Pertaining to the voice or the use of the voice in speech, singing, or other forms of expression.

Fairness

The quality of making judgments that are free from discrimination or favoritism, ensuring equal treatment for all parties involved.