According to Milton Friedman, how will your consumption be affected by a $2,00 . fine for littering and a $50 cut in your weekly salary that your boss told you to get used to it because it's here to stay? Explain

The $2,00 . fine has a transitory effect on your income, so you won't change your spending patterns very much. The $50 cut in your weekly salary has a permanent effect on your income. Since consumption spending is generally tied to long-run earning capacity, you will probably reduce your spending.