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Technical Questions 1. Determine whether each of the following changes has an impact on autonomous consumption expen- ditures or on induced consumption expenditures. Does it
Technical Questions 1. Determine whether each of the following changes has an impact on autonomous consumption expen- ditures or on induced consumption expenditures. Does it cause a movement along or a shift of a linear consumption function? a. An increase in personal income. b. An increase in stock market wealth.3. According to the findings of the GfK Consumer Climate study, the Consumer Confidence Index(CCI) for Germany was 8.3 points in February 2014, which hit the highest level in seven years. 92 a. Discuss the impact of the increase in the CCI on Germany's autonomous aggregate expenditure. b. Why do you think the impact of the increase in the CCI might be greater on Germany's national income than on Germany's autonomous aggre- gate expenditure
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