If People Expect Prices to Fall in the Future

question 206

Multiple Choice

If people expect prices to fall in the future,

• A)their consumption function in the present will shift downward.
• B)their consumption function in the present will shift upward.
• C)their consumption function in the present will be unchanged.
• D)they will increase their current levels of consumption by moving up along their consumption functions.
• E)they will decrease their current levels of consumption by moving down along their consumption functions.

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