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.
- It is a fact the author raises only to set it aside as having no bearing on the saving debate.
- It is conceded to the pro-saving economists as a point on which their position is correct.
- It is the recession the author predicts will follow once everyone raises their saving rate.
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More LSAT Logical Reasoning practice
- Which one of the following is an assumption required by the argument?
- Which one of the following can be properly inferred from the statements above?
- The question type just described is best identified as which one of the following?
- 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
- Which one of the following can be validly inferred from the two conditionals above?
- Which one of the following must be true given the statement above?