In a Simple Macro Model,a Decrease in Households' Wealth Is

Multiple Choice

In a simple macro model,a decrease in households' wealth is generally assumed to

A) cause no change in consumption because consumption is a function of disposable income only.
B) cause no change in consumption because the decline is always expected.
C) cause a downward shift in the consumption function.
D) cause an upward shift in the consumption function.
E) affect only saving,not consumption.