A corporation has legal status like an individual citizen

Under a fixed exchange rate regime, suppose there is an increase in housing wealth that causes an increase in consumption. This wealth-induced increase in consumption will cause

A) an increase in investment. B) a reduction in net exports. C) an increase in imports. D) all of the above E) none of the above

Households in America tend to consume more and more as they grow older

a. True b. False Indicate whether the statement is true or false