Which of the following will not tend to shift the consumption schedule upward?
A) a currently small stock of durable goods in the possession of consumers
B) the expectation of a future decline in the consumer price index
C) a currently low level of household debt
D) the expectation of future shortages of essential consumer goods

Question

Quizplus · Accepted Answer

The expectation of a future decline in the consumer price index would likely lead consumers to delay purchases in anticipation of lower prices, which would not shift the consumption schedule upward. Instead, it might reduce current consumption as consumers wait for prices to fall.

Which of the Following Will Not Tend to Shift the Consumption