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With a rise in the stock market, the simple LCH model with no bequests predicts ________ in current consumption. Then when adding to the model bequests due to catastrophic illnesses and expenses that fail to occur, current consumption is ________.
A) a fall, still predicted to fall
B) a fall, predicted to rise
C) no change, predicted to rise
D) a rise, still predicted to rise
E) a rise, predicted to remain unchanged
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
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ty ty ty..
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