a-households-wealth-increases-due-to-a-rise-in-real-estate-values-how-might-this

Question

A household's wealth increases due to a rise in real estate values. How might this affect their consumption behavior?

Accepted Answer

Their consumption is likely to increase.

Answer

Their consumption is likely to decrease.

Answer

Their consumption will remain unchanged.

Answer

Their consumption will fluctuate unpredictably.