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Consider the following consumption function which accurately describes aggregate behavior of consumption: C = bar{C} + c(Y-T) If there are no other factors which affect
Consider the following consumption function which accurately describes aggregate behavior of consumption: C = \bar{C} + c(Y-T) If there are no other factors which affect consumption in our model, then a stock market crash which causes share prices to fall should cause: Question 15Answer a. a decrease in consumption. b. no change in consumption c. an increase in wealth d. an increase in consumption
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