Draw a graph to illustrate how a rise in household financial assets would change the consumption function

Question:

Draw a graph to illustrate how a rise in household financial assets would change the consumption function and the saving function.

Canadian net saving in the first quarter of 2017 was $22 billion. Holdings of financial assets increased by $162 billion and the value of shares in corporations increased by $113 billion.

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Macroeconomics

ISBN: 978-0134853307

10th Edition

Authors: Michael Parkin

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