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Answer to Question #134330 in Macroeconomics for Valerie
Question #134330
Which of the following statements is incorrect?
A. Induced consumption does not require income.
B.People always consume even if income is zero.
C. Consumption increases by less than the increase in income.
D. There is no relationship between consumption and interest rates
A. Induced consumption does not require income.
B.People always consume even if income is zero.
C. Consumption increases by less than the increase in income.
D. There is no relationship between consumption and interest rates
Expert's answer
D. There is no relationship between consumption and interest rates
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