Which statement best explains the impact of Friedman's view that consumers base spending on future income not only present income? Multiple Choice An increase in government spending does not necessarily require higher taxes later, so consumers will spend more money now. An increase in government spending is likely to require higher taxes later, so consumers increase saving now so they can pay for those higher taxes. An increase in one's annual salary is less effective at increasing consumption than a one-time bonus. A one-time increase in income is usually viewed by consumers as being permanent, so they increase their spending by the full amount now