The Vicious circle theory states that?
Agrowing government assistance create addiction to welfare programs
Blow income levels create pressure for money creation
Clow per capita incomes creates low savings that keep incomes low
Dlow income levels create pressure for cheap imports
Correct answer
C. low per capita incomes creates low savings that keep incomes low
Explanation
The correct answer is low per capita incomes creates low savings that keep incomes low.