Which of the following will not cause the consumption schedule to shift? Group of answer choices A growing expectation that consumer durables will be in short supply. A change in consumer incomes. A sharp increase in the amount of wealth held by households. The expectation of a recession.
Added by Jeffrey S.
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The consumption schedule represents the relationship between consumer income and consumer spending. It can shift due to various factors that influence consumer behavior. Show more…
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An upward shift in the consumption schedule, other things being equal, could be caused by households a. becoming optimistic about the state of the economy. b. becoming pessimistic about the state of the economy. c. expecting future income and wealth to decline. d. doing none of the above.
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