Explain how a rise in household wealth would be expected to influence consumption expenditure and saving and
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Explain how a rise in household wealth would be expected to influence consumption expenditure and saving and how the consumption function and the saving function would change.
Gains in stock markets and increased house prices boosted Canadians’ wealth in the first quarter of 2014. On a per capita basis, household wealth rose to $222,600. Statistics Canada also reported that consumption expenditure increased by $4 billion in the first quarter of 2014.
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Related Book For
Microeconomics Canada In The Global Environment
ISBN: 9780321931184
9th Edition
Authors: Robin Bade, Michael Parkin
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