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what determinant of the consumption is applicable to the below three scenarios QUESTION 3. (5 points each) 3 A. First things, first. Create a list

what determinant of the consumption is applicable to the below three scenarios

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QUESTION 3. (5 points each) 3 A. First things, first. Create a list of the determinants of Consumption using the information from the textbook, Chapter 5 or your class notes. (1) Read each of the three scenarios below. (2) Choose a determinant from the list (3A) which best explains what happens to Consumption in the scenario. Why did you choose that particular determinant? (3) Will Consumption increase or decrease? Explain. 3B/ A decrease in the value of real estate (real estate or property is considered an asset or part of wealth), including private homes, for example, in 2008, during the Great Recession. (If you don't know what the Great Recession is, look it up in Chapter 1, textbook). 3C/ At the end of WWII, soldiers returned to the U.S. labor force. Many of the women who worked in manufacturing lost their jobs. New homes were built, giving rise to the idea of the suburbs. The rationing of basic goods came to an end. (The section on the late 1940s-1950s in the chapter 1/textbook may help if you are not familiar with the decade of the 1950s.) 3D/ Uncertainty in the domestic economy spurred by political uncertainty, violence in American cities and towns, coronavirus pandemic

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