When a person receives an increase in wealth then the consumption increases and Savings decreases. This is related to the theory of "Wealth effect".
The wealth effect states that when the wealth of households rises, it results as rise in asset values, such as corporate stock prices or home values, they spend more and stimulate the broader economy.
The theory is dependent on economic behavior of a person that consumers feel more financially secure and confident about their wealth when their homes or investment increase in value. They are made to feel richer, even if their income and fixed costs are the same as before.
To learn more about Wealth Effect, here
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The <span> term that best describes garnett’s situation is: Stagnation
In human development, stagnation refers to the period where development from either physical or intellectual development stopped.
This often caused by wasting our time to do irrelevant things rather than harnessing our talent, just like in Garnett's case</span>
Answer:
the people that lived in soviet russia felt there government wasnt supporting them enough and they were tired of living a democracy
Explanation:
The correct answer to this question is called "sentence commutation." This is a form of clemency that reduces the punishment for a crime. Usually, prisoners with good behaviors are granted this. Reduced prison term is the common form of commutation. Thank you for posting your question. I hope that this answer helped you. Let me know if you need more help.
Credit unions are usually private and you have to be invited to join it
