If Evan's income is reduced to zero after he loses his job, his consumption will be ________ and his saving will be ________. a.greater than zero; less than zero b.greater than zero; greater than zero c.less than zero; greater than zero d.less than zero; less than zero

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A:

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A:

Q: Question 4 Explain how does a decrease in the current income y affect the consumer's…

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Q: If Samantha's income is reduced to zero after she loses her job, her consumption will be ________…

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Q: Consider a closed economy in which I = $20,000, 000, 000, G = $45, 000, 000, 000, Y = $100, 000,…

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