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D Question 20 Consumers decide that a recession is ahead and that their incomes are likely to fall. The diagram that depicts the effect of this on their consumption function is panel [bed] (fill in the blank with either a or b) Panel (a) Panel (b) Increase in Level of Consumption Decrease in Level of Consumption C, Consumption per year Consumption per year G Disposable personal income per year Disposable personal income per year