The Life-Cycle Theory of Consumption Predicts That When Jason Anticipates

question 40

Multiple Choice

The life-cycle theory of consumption predicts that when Jason anticipates a higher income in the future, then Jason will

• A) consume more and save less in the current period.
• B) consume less and save more in the current period.
• C) consume less and save less in the current period.
• D) not change the amount of consumption or saving in the current period.

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