Suppose that the town of Canes attracts a new factory that has a payroll of one million dollars. All employees of the factory live in Canes and the factory buys no other resources in town. Each person in Canes spends one third of his income in town. By how much will the equilibrium level of Canesian income rise? $333,333 $666,667 $1,000,000 $1,333,333 $1,500,000 Choose the most correct answer by clicking a button, or by typing a letter from the keyboard and pressing the tab key. A decline in expected disposable income: increases consumption because it shifts the consumption schedule upward. increases consumption because people move upward along a given consumption schedule. decreases consumption because it shifts the consumption schedule downward. decreases consumption because people move downward along a given consumption schedule. Choose the most correct answer by clicking a button, or by typing a letter from the keyboard and pressing the tab key.