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AURORKA [14]
2 years ago
10

When a person receives an increase in wealth, what is likely to happen to consumption and saving?

Social Studies
1 answer:
KiRa [710]2 years ago
6 0

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

brainly.com/question/19592388

#SPJ4

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Answer:

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For example if somebody steals money through a check, they can check the signature and see if the signature is forged or not which will help know if the check is real or not.

Explanation:

Its primary purpose is to provide evidence about a suspicious or questionable document using scientific processes and methods. Evidence might include alterations, the chain of possession, damage to the document, forgery, origin, authenticity, or other questions that come up when a document is challenged in court.

Questioned Documents are important in Forensic Science because it can help figure out if a signature is Forged or not. For example if somebody steals money through a check, they can check the signature and see if the signature is forged or not which will help know if the check is real or not.

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