Consider Switzerland. Many economic variables influence the consumption decisions the Swiss make. Indicate what effect each change of conditions will have on Switzerland's consumption function. Consumers are worried that the looming "fiscal cliff" will shift down push the economy into a recession. Consumers spend a greater portion of new disposable shift up income on consumption than in the past. Answer Bank After the economy has been in recession for several years, the latest projections from the Swiss Economic Council shift down steeper shift up show the economy at last in an up-swing. flatter shift up Prices on the Swiss Stock Exchange increase. shift down Consumers spend a smaller portion of new disposable income on consumption than in the past. shift down Interest rates increase, reducing the amount the Swiss are willing to borrow. shift down