Author Question: Consumption is (Read 32 times)

jazziefee · **on:** Apr 19, 2019

Question 1

Higher interest rates are likely to

◦ have no effect on consumer spending or saving.
◦ decrease consumer spending and increase consumer saving.
◦ decrease both consumer spending and consumer saving.
◦ increase consumer spending and decrease consumer saving.

Question 2

Consumption is

◦ positively related to household income and wealth and households' expectations about the future, but negatively related to interest rates.
◦ negatively related to household income and wealth, interest rates, and households' expectations about the future.
◦ determined only by income.
◦ positively related to household income and wealth, interest rates, and households' expectations about the future.

aidanmbrowne · **Reply #1 on:** Apr 19, 2019

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