5 How will each of the following factors influence the consumption schedule? (a) The expectation that consumer
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5 How will each of the following factors influence the consumption schedule?
(a) The expectation that consumer prices will rise more rapidly in the future
(b) Pessimism about future employment conditions
(
c) A reduction in income taxes
(d) An increase in the interest rate
(e) A decline in stock prices
(f) A redistribution of income from older workers (age 45 and over) to younger workers (under 35)
(g) A redistribution of income from the wealthy to the poor
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