Question
Which of the following statements best describes the relationship between consumption spending and disposable income? The correlation between levels of income and levels of disposable
The correlation between levels of income and levels of disposable income is high while the correlation between changes in income and changes in disposable income is high.
The correlation between levels of income and levels of disposable income is low while the correlation between changes in income and changes in disposable income is high.
The correlation between levels of income and levels of disposable income is low while the correlation between changes in income and changes in disposable income is low.
The correlation between levels of income and levels of disposable income is high while the correlation between changes in income and changes in disposable income is low.
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