Answer to Question #134120 in Macroeconomics for David Ngobeni

Question

Which of the following is likely to shift the consumption schedule upwards?
1.A currently large stock of durable goods in the possession of consumers.
2.consumer prices are expected to rise.
3. Expectations of a fall in interest rates.
4. The expectation of a future rise in the consumer price.

Answer 1

2.consumer prices are expected to rise.

4. The expectation of a future rise in the consumer price.