If , Then

question 24

Multiple Choice

If , then:

• A) consumption growth is negative.
• B) you began to do precautionary saving.
• C) permanent income is constant.
• D) you save more.
• E) wealth declines.

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Definitions:

Durability

The quality of being able to withstand wear, pressure, or damage; the ability of a product to last for a long time.

Used-Toyota Market

A specific segment of the automobile market dealing with the buying and selling of pre-owned Toyota vehicles.

Consumer Goods

Consumer Goods are products bought for consumption by the average consumer, distinguishing them from items used in production of other goods or services.

Capital Goods

Long-term assets like buildings, machinery, and equipment used in the production of goods and services.