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what will cause an increase in precautionary savings? a large increase in current and future volatility of income the introduction of a tax on bequests
what will cause an increase in precautionary savings?
- a large increase in current and future volatility of income
- the introduction of a tax on bequests
- due to financial stability concerns, regulators increase the required deposit on a home loan form 10% to 20%
- a large increase in the current and future size of the budget deficit
- an increase in the retirement age from 65 to 70
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