Lets think about how the supply of savings might shift in two different cases. a. Under current

Question:

Let€™s think about how the supply of savings might shift in two different cases.

a. Under current U.S. law, businesses are allowed to automatically enroll you in a savings plan that puts 5% of your salary in a retirement fund. Suppose Congress abolishes this law: draw the appropriate shift in the supply curve, and label it €œa.€
b. If Americans all go to see the classic Robin Williams/Ethan Hawke film Dead Poets Society and decide to carpe diem, or if they read the quotes of a famous Mediterranean preacher who said, €œTake therefore no thought for the morrow,€ or if they watch the appalling 1970s sitcom One Day at a Time, what direction is the supply of savings likely to shift? Denote this with a new supply curve labeled €œb.€