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Which one of the following is not a detenninant of consumption spending? The interest rate. Current disposable income. Hou5ehold wealth. some The growth rate in the United States relative to the growth rates in other countries. The most important determinant of consumption spending is the interest rate. expected future income. household wealth. again:- current personal disposable income. A rise in stock prices and housing prices reduces consumption due to increase in prices and causes the consumption function to shift downward. A " j.- B. increases household wealth which in tum increases consumption and leads to an upward shift of the consumption function. C increases household wealth which in turn increases consumption and leads to an upward movement along the consumption function. D . does not affect consumption because the).r do not have any direct impact on disposable income