medium · LSAT Logical Reasoning
Many economists argue that a high rate of personal saving is essential for long-term national economic growth, as it provides the capital necessary for business investment. However, if every individual in an economy simultaneously increases their saving rate, total consumer demand will drop, potentially leading to a recession that reduces the very income from which people save.
The statement that 'total consumer demand will drop' plays which one of the following roles in the argument?
- It is an intermediate step that helps explain how universal saving could end up undercutting the income people save from.
- It is the central claim the author is ultimately driving the entire passage toward establishing about saving and growth.
- It is a fact the author raises only to set it aside as having no real bearing whatever on the personal-saving debate at hand.
- It is conceded to the pro-saving economists as a point on which their position about capital and growth is wholly correct.
- It is the recession the author predicts will eventually follow once every individual raises their personal saving rate.
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More LSAT Logical Reasoning practice
- Which one of the following can be properly inferred from these statements?
- The question type just described is best identified as which one of the following?
- Which one of the following can be properly inferred from these premises?
- Which one of the following, if true, most seriously weakens the authors' conclusion?
- Which one of the following can be validly inferred from the two conditionals above?
- The reasoning in the argument is flawed in that the argument
- The reasoning in the argument is flawed because the argument
- Which one of the following most accurately describes the relationship the statement establ