By the Life-Cycle Hypothesis,a Cyclical Boom Which Causes Inflation to Accelerate

question 99

Multiple Choice

By the life-cycle hypothesis,a cyclical boom which causes inflation to accelerate and thus causes people to ________ the real value they estimate their wealth to represent,leads them to ________ the proportion of their current income devoted to consumption,which turns out to be a ________ influence on the economy.

• A)lower,reduce,stabilizing
• B)lower,increase,destabilizing
• C)raise,increase,stabilizing
• D)raise,reduce,stabilizing
• E)raise,reduce,destabilizing

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