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14-03-2022
Business

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The wealth effect explains the _ relationship that exists between consumer spending and overall _. Select one: a. negative; price level b. positive; price level c. negative; asset valuation d. positive; asset valuation

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ewomazinoade ewomazinoade

28-03-2022

The wealth effect explains the positive relationship that exists between consumer spending and overall asset valuation.

What is the wealth effect?

The wealth effect is an economic theory which postulates that consumer spending increases when consumers perceive that their is an increase in the value of their assets(wealth). Consumer spending increases even if there is no increase in income.

To learn more about the wealth effect, please check: https://brainly.com/question/25749867

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