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If household wealth , the consumption function Part 2 A. may shift up or down depending on the size of the increase in wealth. B.
If household wealth , the consumption function Part 2 A. may shift up or down depending on the size of the increase in wealth. B. shifts since, for the same level of income, individuals spend . C. shifts since, for the same level of income, individuals spend . D. does not change because it is income and not wealth that affects consumption
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Economics
Authors: Roger A. Arnold
11th edition
1133561675, 978-1133561675
