**Question:**If Wanda's income is reduced to zero after she loses her job, her consumption will be ________ and her saving will be ________.**Options:**- ⭕ less than zero; less than zero- ⭕ greater than zero; greater than zero- ⭕ less than zero; greater than zero- ⭕ greater than zero; less than zero

Every individual needs to consume in order to survive. Hence even if an individual's income is zero,…

If Wanda's income is reduced to zero after she loses her job, her consumption will be and her saving will be O less than zero; less than zero greater than zero; greater than zero O less than zero; greater than zero O greater than zero; less than zero

If Wanda's income is reduced to zero after she loses her job, her consumption will be and her saving will be O less than zero; less than zero greater than zero; greater than zero O less than zero; greater than zero O greater than zero; less than zero

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter36: Six Debates Over Macroeconomic Policy

Section: Chapter Questions

Problem 10QR

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