Aunt Agatha has just left her nephew $5000. The most likely response is for her nephew to
(a) increase current consumption, but not future consumption.
(b) decrease current consumption, but increase future consumption.
(c) increase future consumption, but not current consumption.
(d) increase both current consumption and future consumption.
Answer: D
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.