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Which of the following is likely to shift the consumption schedule downwards? (1) Expectations of a fall in interest rates (2) Consumer prices are expected
Which of the following is likely to shift the consumption schedule downwards?
(1) Expectations of a fall in interest rates
(2) Consumer prices are expected to fall
(3) Currently less stock of durable good in the possession of consumers
(4) The expectation of a future rise in the consumer price index
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