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Figure 13-3 -Refer to Figure 13-3. Upward Shifts of the Consumption Function

Question 16

Multiple Choice

Figure 13-3 Figure 13-3 -Refer to Figure 13-3. Upward shifts of the consumption function, for example from C<sub>0 </sub> to C<sub>1</sub> to C<sub>2 </sub>demonstrate A) an increase in the marginal propensity to save. B) increases in the amount of consumption for a given level of disposable income. C) increases in the amount of disposable income available for consumption. D) an increase in the marginal propensity to save
-Refer to Figure 13-3. Upward shifts of the consumption function, for example from C0 to C1 to C2 demonstrate


A) an increase in the marginal propensity to save.
B) increases in the amount of consumption for a given level of disposable income.
C) increases in the amount of disposable income available for consumption.
D) an increase in the marginal propensity to save

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