Using graphs of the consumption function, show how consumption reacts to each of these factors.
(a) The stock market booms.
(b) Consumers become more optimistic about the state of the economy.
(c) The minimum wage falls in the economy.

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The Answer of Using graphs of the consumption function, show how consumption reacts to each of these factors.
(a) The stock market booms.
(b) Consumers become more optimistic about the state of the economy.
(c) The minimum wage falls in the economy.

Using Graphs of the Consumption Function, Show How Consumption Reacts