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Complete the following table to indicate what effect anincrease in each of the consumption components will have on consumption. Anincrease in... will(increase/decrease) consumption. -the price
Complete the following table to indicate what effect anincrease in each of the consumption components will have on consumption.
Anincrease in...
will(increase/decrease)
consumption.
-the price level
-household wealth.
-expected future income
-current disposable income
-the interest rate
Increase or decrease for each one please and why!
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