Which of the following will not tend to shift the consumption schedule upward? Select one: a. A currently small stock of durable goods in the possession of consumers. b. The expectation of a future decline in the consumer price index. c. A currently low level of household debt. d. The expectation of future shortages of essential consumer goods.
Which of the following will not tend to shift the consumption schedule upward? Select one: a. A currently small stock of durable goods in the possession of consumers. b. The expectation of a future decline in the consumer price index. c. A currently low level of household debt. d. The expectation of future shortages of essential consumer goods.
Chapter18: The Keynesian Model
Section: Chapter Questions
Problem 6SQ
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Which of the following will not tend to shift the consumption schedule upward?
Select one:
a. A currently small stock of durable goods in the possession of consumers.
b. The expectation of a future decline in the consumer price index.
c. A currently low level of household debt.
d. The expectation of future shortages of essential consumer goods.
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