Which of the following will not tend to shift the consumption schedule upward?
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.
Answer:B
Which of the following will not tend to shift the consumption schedule upward?
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.