Multiple Choice
After years of hard work in the field of macroeconomics, you win the Nobel Prize in economics (currently about $1.5 million) .What is the most likely effect of this prize on your consumption function?
A) It will shift downward temporarily.
B) It will shift upward temporarily.
C) It will shift downward permanently.
D) It will shift upward permanently.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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