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 push the economy into a recession. Consumers spend a greater portion of new disposable 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 steeper shift up show the economy at last in an up-swing. shift down flatter Low interest rates encourage more Swiss to buy new cars. Consumers spend a smaller portion of new disposable income on consumption than in the past