4. In what direction will each of the following occurrences shift the consumption and saving schedules, other
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4. In what direction will each of the following occurrences shift the consumption and saving schedules, other things equal?
LO30.2
a. A large decrease in real estate values, including private homes.
b. A sharp, sustained increase in stock prices.
c. A 5-year increase in the minimum age for collecting Social Security benefits.
d. An economywide expectation that a recession is over and that a robust expansion will occur.
e. A substantial increase in household borrowing to finance auto purchases.
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