Complete the following table to indicate what effect an increase in each of the consumption components will
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Question:
Complete the blank area answer increase or decrease.
An increase | will (increase/decrease) | consumption. |
---|---|---|
the price level | consumption | |
household wealth | consumption | |
expected future income | consumption | |
current disposable income | consumption | |
the interest rate | consumption |
Related Book For
Macroeconomics Principles and Applications
ISBN: 978-1133265238
5th edition
Authors: Robert e. hall, marc Lieberman
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