Question: How are desired consumption and desired saving affected by increases in current income, expected future income, and wealth? When current income rises, desired consumption

How are desired consumption and desired saving affected by increases in current income, expected future income, and wealth? When current income rises, desired consumption increases () and desired saving increases (1) When expected future income rises, desired consumption increases () and desired saving decreases (1) When wealth rises, desired consumption and desired saving
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1 Effect of Increases in Current Income When current income rises individuals typically have more di... View full answer
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