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Explain how each of the following affects consumption demand: a) The expectation is that a prolonged expansion will occur in the next year. (2) b) Stock prices rise sharply. (2) c) The price level falls by 10%. (2) d) The interest rate on consumer loans rises sharply. (2) e) Income taxes decrease.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91705189

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