If an increase in the mortgage rate causes a decline in new home purchases, the consumption share of GDP will fall.

Name: If an increase in the mortgage rate causes a decline in new home purchases, the consumption share of GDP will fall.
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The consumption share of GDP primarily includes spending on goods and services by households, and while a decline in new home purchases can affect investment components of GDP, it doesn't directly lead to a decrease in the consumption share of GDP.

If an Increase in the Mortgage Rate Causes a Decline