In the statement “consumer preferences would surely be the steering wheel, but real savings and investment would be the engine that drives it forward”, what can we infer from the line “consumer preferences would surely be the steering wheel”?

Consumer likings regulate the economy individually.

If you want to regulate the economy, consumption is the only force.

The Penchant of the consumers controls the economy.

The consumer preferences are not at par with savings and economy in driving the economy.

None of the Above