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29 # 1 2 3 4 5 6 7 8 9 10 Factor Expectation a higher future profit Expectation a higher future income Advance technology A decrease in disposable income An increase in real wealth or purchasing power Low profit tax Zero default risk Recession business cycle phase Increase in value added tax or consumption tax Government budget deficit DLF right right left SLF Req Qlfen Q1 From the table below, answer the following questions: # Factor DLF 1 Expectation a higher future profit Expectation a higher future income Advance technology right right A decrease in disposable income An increase in real wealth or purchasing power Low profit tax Zero default risk 8 Recession business cycle phase left 9 increase in value added tax or consumption tax 10 Government budget deficit 2 3 4 5 6 7 SLF Ren Qlfen 29 # 1 2 3 4 5 6 7 8 9 10 Factor Expectation a higher future profit Expectation a higher future income Advance technology A decrease in disposable income An increase in real wealth or purchasing power Low profit tax Zero default risk Recession business cycle phase Increase in value added tax or consumption tax Government budget deficit DLF right right left SLF Req Qlfen Q1 From the table below, answer the following questions: # Factor DLF 1 Expectation a higher future profit Expectation a higher future income Advance technology right right A decrease in disposable income An increase in real wealth or purchasing power Low profit tax Zero default risk 8 Recession business cycle phase left 9 increase in value added tax or consumption tax 10 Government budget deficit 2 3 4 5 6 7 SLF Ren Qlfen