Explain how a rise in household financial assets would be expected to influence consumption expenditure and saving
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Explain how a rise in household financial assets would be expected to influence consumption expenditure and saving and how the consumption function and the saving function would change.
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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Impact of Rising Household Financial Assets on Consumption and Saving A rise in household financial assets can influence consumption expenditure and s...View the full answer
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