When a country's inflation rate goes up, real incomes fall, but consumers opt to keep their living standards the same. What has risen?
- Aautonomous consumer spending
- Bautonomous saving
- Cinduced consumer spending
- Dinduced savings
Economics 9708 · AS & A Level · Balance of payments
When a country's inflation rate goes up, real incomes fall, but consumers opt to keep their living standards the same. What has risen?