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Suppose that current income falls. What is the most likely impact on current consumption and private savings? Suppose that current income falls. What is the

Suppose that current income falls. What is the most likely impact on current consumption and private savings? Suppose that current income falls. What is the most likely impact on current consumption and private savings? both current consumption and private savings RISES. current consumption RISES, and private savings FALLS. current consumption FALLS, and private savings RISES. both current consumption and private savings FALLS

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