Which of the following statements is true? A) If households expect hi
Which of the following statements is true?
A) If households expect higher taxes in the future, they will decrease their current savings rate.
B) The savings rate of households is dependent only on current consumption expenditure.
C) The savings rate of households is dependent only on consumption expenditure planned for the future.
D) If households expect higher taxes in the future, they will increase their current savings rate.
ANSWER
D
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