Which of the Following Statements Is False

question 231

Multiple Choice

Which of the following statements is false?

• A)If people feel wealthier because their stock portfolios have risen,they tend to increase their consumption of goods and services.
• B)One of the many factors that caused the Great Depression was that by 1930 the market for consumer durables was saturated.
• C)The permanent income hypothesis implies that the strongest influence on consumption is not one's present level of income,but rather one's estimated average lifetime income.
• D)When people expect inflation they tend to postpone major purchases until prices stabilize.

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Definitions:

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, self-discipline, and the desire to do a task well.

Responsible

Being accountable for something within one's power, control, or management.

Dependable

Reliable and trustworthy, consistently able to be counted on for support or performance.

Mental Disabilities

Conditions that affect a person’s cognitive capabilities, potentially impacting their daily functioning and ability to perform certain tasks.