Explain what impact each of the following is likely to have on consumption.
(a) Stock prices fall.
(b) The government announces that in 2014 and only in 2014 every family will have to pay an additional lump-sum tax of $100.
(c) Most economic forecasts indicate that the growth rate will slow down considerably over the next decade.

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The Answer of Explain what impact each of the following is likely to have on consumption.
(a) Stock prices fall.
(b) The government announces that in 2014 and only in 2014 every family will have to pay an additional lump-sum tax of $100.
(c) Most economic forecasts indicate that the growth rate will slow down considerably over the next decade.

Explain What Impact Each of the Following Is Likely to Have