This preview shows page 1. Sign up to view the full content.
Unformatted text preview: up S goes down and vice-versa. b.Expectations: Expectations about prices, incomes shift C and S. c.Household Debt: If household debt at each level of DI is increased C shifts up. d.Taxation: Taxation reduces both C and S. Because taxes are take out a part of our incomes. So, when income is reduced so are C and S. Cases of a, b, and c consumption and savings schedule more or shift in opposite direction. In case of d, both schedules shift down in the same direction....
View Full Document
This note was uploaded on 01/01/2012 for the course MIS 132 taught by Professor Hasandag during the Spring '11 term at Kadir Has Üniversitesi.
- Spring '11