What is an accurate implication resulting from an increase in income?
A) an increase in exchange rate
B) a decrease in exchange rate
C) a decrease in consumption
D) a decrease in output
E) an increase in consumption

Question

Quizplus · Accepted Answer

An increase in income typically leads to an increase in consumption as individuals have more money to spend on goods and services.

What Is an Accurate Implication Resulting from an Increase in Income