The factors that would shift the savings and consumption schedule include all of the following EXCEPT:
A) household debt.
B) tastes and preferences from durable goods to nondurable goods.
C) wealth.
D) taxes.

Question

Quizplus · Accepted Answer

Tastes and preferences from durable goods to nondurable goods would shift the composition of consumption but not the overall level of consumption. Therefore, it would not shift the savings and consumption schedule. All other factors listed (household debt, wealth, and taxes) would shift the savings and consumption schedule.

The Factors That Would Shift the Savings and Consumption Schedule