A decrease in the confidence that car-buying consumers have in their future income will
A)increase the demand for borrowable money.
B)decrease the demand for borrowable money.
C)increase the supply of borrowable money.
D)decrease the supply of borrowable money.

Question

Quizplus · Accepted Answer

If consumers have less confidence in their future income, they are likely to be more cautious with their spending, including their borrowing habits. This means they will be less likely to demand borrowable money, resulting in a decrease in the demand for borrowable money.

A Decrease in the Confidence That Car-Buying Consumers Have in Their