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Other things being constant, what will be the effect of each of the following on consumption and saving schedules? (a) Credit card companies increase the
Other things being constant, what will be the effect of each of the following on consumption and saving schedules?
(a) Credit card companies increase the interest-free periods on their cards to compete for customers.
(b)Concern grows over rising prices.
(c)A weakening of the housing market lowers home values.
(d)Real interest rates fall.
(e)Government approval plan for tax cuts.
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