Question: Instructions: Your responses should include detailed flow charts (explanations) and graphical illustrations Graphically illustrate and explain what happens to consumer spending when consumers become more

Instructions:Your responses should include detailed flow charts (explanations) and graphical illustrations

  1. Graphically illustrateandexplainwhat happens to consumer spending when consumers become more optimistic about the future and their expectations rise.
  2. Graphically illustrateandexplainwhat happens to consumer spending in response to an increase in the interest rate.
  3. Graphically illustratewhat happens to consumer spending in response to an increase in consumer income.

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