Multiple Choice
-In the above figure, a change in autonomous consumption to $1 trillion with no change to the MPC
Would cause the consumption function to
A) become flatter.
B) shift upward.
C) shift downward.
D) become steeper.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Explain the relationship between real GDP and
Q117: Which of the following is NOT an
Q118: When disposable income equals consumption expenditure, then<br>A)
Q119: The Keynesian model of aggregate expenditure describes
Q122: An increase in disposable income<br>A) shifts the
Q125: Suppose the equilibrium level of expenditure is
Q126: "The global financial crisis has had a
Q159: Please explain the relationship between consumption, disposable
Q278: What is the difference between movements along
Q382: As disposable income increases, saving increases.